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Bulls Target Weekly Close Above....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Target Weekly Close Above 112
Post NFP dollar strength extended the recovery to Y111.82. This brings the 112
level into view, with a break here needed to open channel base
support-turned-resistance at 112.12, ahead of the 76.4% retracement of the Oct -
Jan fall at 112.25. Bears need a close back below the 200-dma (111.49) to
stabilise the outlook, while a downside break of 110 would return the focus to
the Mar 25 low at 109.71.

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