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Developing Trend Having based......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Developing Trend
Having based ahead of the 100-dma on Monday, USDJPY extends the recent uptrend
to bring the Dec 4 high at 113.66 into view. A close above would see bulls
target a break of the 114 level, which also holds the descending trend line off
Oct 4 highs. 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
110.70.

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