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Lacking Direction The..............>

DOLLAR-YEN TECHS: Lacking Direction
The risk-averse theme briefly took USDJPY back under 110.00 for the first time
since Mar 26. This brings the Mar 25 low & 50% retracement level into view at
109.71/56. Below here would suggest a large double top formation is in play.
Bulls look to recover the 100-dma at 110.58, before challenging the 111 level.
While a break back above the 200-dma at 111.49 is needed to reignite upside

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