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Going Nowhere Fast Wednesday.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Going Nowhere Fast
Wednesday marked the seventh consecutive session of trading either side of the
200-dma, re-asserting that the pair needs some external impetus to shift
momentum in either direction. Until markets get this break, the outlook will
remain neutral. The upside focus is back on Friday's high at 111.90 ahead of the
key 112 level. Above here and the March 5 high at 112.14 would extend the
recovery towards the 114 area. Bears need a close below the 21-dma at 111.32 and
the 100-dma at 111.27 to bring yesterday's low at 111.16 into play ahead of the
psychological 111.00. 

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