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Dec 4 High Next Target USDJPY......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Dec 4 High Next Target
USDJPY has so far struggled to build above 113.50 to keep the short-term outlook
neutral. Bulls need to take out the Dec 4 high at 113.66 to allow a run at the
key 114 level, which also holds the descending trend line off Oct 4 highs. To
the downside, the 50-dma provide the next layer of support at 113.02. Bears need
to break the 100-dma & double bottom support area at 112.20/25, to open a move
toward 111.60, while the 200-dma is placed behind at 110.74.

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