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Rally Extends The Aug 1 high is....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Rally Extends
The Aug 1 high is the next hurdle for the bulls to overcome as yesterday's gains
add to the positive momentum in the pair. A move above here would open up the
July 19 highs at 113.17 and cement the bullish longer-term picture. The 21 and
55-dmas continue to act as support. Bears will need a close below 111.00 to
shift the outlook back to neutral and below the 200-dma at 109.83 to return the
focus toward the May 29 low at 108.11.

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