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Dip Below 112 Not Sustained The....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Dip Below 112 Not Sustained
The key 112 gave way in early Asian trading amid rising risk-off sentiment but
in the London session we have moved higher and moved back above the up trendline
support/50-dma at 112.07/09. Bulls need to defend 112 on a closing basis to
return the focus to the 21-dma at 112.88, above which would allow a challenge of
the YTD highs at 114.55. Bears will look to fall back below 112 and close below
here. The 100-dma lies below at 111.54.

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