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Downside Risks Rising USDJPY has...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Downside Risks Rising
USDJPY has seen some downside momentum return since its false break above the
111 level, which puts the focus on the Feb 15 low & 50-dma at 110.26/109.80.
Below here would bring the 109.50/55 level back into view which holds the Feb 6
low & 61.8% fibo support. To reignite upside momentum bulls need to clear the
200-dma at 111.31, above here opens a run at the 111.35/45 area which registered
a series of previous highs through December.

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