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Maintaining Neutral Outlook........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Maintaining Neutral Outlook
Bulls failed to challenge the 114 level with the subsequent retracement basing
at 113.38. The short-term outlook remains neutral with bulls needing a close
above 114 to regain control. A shift in momentum would open the October/November
highs of 114.21/54 and extend the broader trend. A triangle pattern is beginning
to emerge from the up trendline from the March lows and down trendline
resistance from the Oct highs. On the downside, bears need to close below the
Nov 20 low/100-dma at 112.31/25 to shift the outlook negative. This would open
the Oct 26 low at 111.38.

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