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Challenging 112.00 USDJPY..........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Challenging 112.00
USDJPY remains at elevated levels on extended react to positive US-China trade
talk. Bulls need a close above channel top resistance at 112.00 to reignite
upside momentum. This brings the 76.4% fibo into view at 112.27, with the 50%
retracement level & Dec 20 high placed behind at 112.44/60. Bears need to clear
the 100 & 200-dma's at 111.39/35 to stabilise the outlook, while a break of the
Feb 15 low & 50-dma at 110.26/109.85 is needed to shift momentum back to the
downside.

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