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DOLLAR-YEN TECHS: Failed Break of 114?
USDJPY failed to hold above 114.00 with the subsequent reversal extending to
113.75/80. Bears need a break below the Nov 7 low at 112.95 to shift the
short-term outlook negative, opening the 21-dma & up broken trendline
resistance-turned-support at 112.85/75. Bulls need a close above 114 to keep the
topside in focus, a break of 114.55 confirms the bigger picture bullish trend,
opening option-related resistance at 1.15.