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DOLLAR-YEN TECHS: Looking For Direction
USDJPY has so far failed to build on gains above 114 with bulls looking for a
sustained break for a resumption of the recent uptrend. Above 114.55 confirms
the bigger picture bullish trend, opening option-related resistance at 115.
Bears need a break below the Nov 7 low at 112.95 to shift the short-term outlook
back to negative, opening the 21-dma & up broken trendline
resistance-turned-support at 113.01/112.87.