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Contracting Range A triangle.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Contracting Range
A triangle pattern is forming in USDJPY which suggests a breakout is
increasingly likely, with bulls looking for a close above 108.50 and bears
looking for a close below 108.00. A bullish break would target 109.00, and a
close above here would suggest a bullish reversal is in play, targeting broken
trendline support-turned-resistance & the Jan 2 high at 109.42/73. A bearish
break would return the focus to the 50% retracement level & Jan 3 hourly support
106.83/75.

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