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Moves Through 100-HMA Renewed......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Moves Through 100-HMA
Renewed momentum building through Europe has seen USDJPY consolidate above the
55-dma (110.82) with moves extending through the 100-hma. The downtrend from the
August 1 high remains intact, but a close above 111.00 would negate this, while
a rally above 111.87 would target 112.15. Bears need to move back under the
55-dma to keep the bearish trend intact and target the 200-dma at 109.96. Below
here, the daily cloud base/100-dma kicks in at 109.76/74.

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