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Inside Session Keeps Pressure On...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Inside Session Keeps Pressure On Downside
Monday's early rebound was far from corrective, despite improving global risk
sentiment. This resulted in USDJPY failing to inspire and keeping focus on 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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