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Clinging to the Uptrend USDJPY.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Clinging to the Uptrend
USDJPY has been on the march higher today breaking back above the broken up
trendline before running into some resistance just above the Nov 14 lows. At the
time of writing we are sitting on the 21-dma as USDJPY clings on to its uptrend.
For an acceleration in the move higher, we need to see USDJPY break above the
114 level before challenging the YTD high at 114.55. Bears need to close below
the Nov 20 low/100-dma at 112.31/17, to shift the outlook negative. This would
open the Oct 26 low at 111.38.

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