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Downside Pressure Remains..........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Downside Pressure Remains
Despite improving global risk sentiment, USDJPY has failed to rally and
continues to pressure the lower end of its recent tight trading range. The Aug
13 low provides near-term support at 110.11, below here targets the 109.98/88
area(100 & 200 dma). Bulls initially need a close above 111.12 to shift the
outlook positive, a break of descending trendline and daily cloud top resistance
at 111.25/27, opens the August highs at 112.14.

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