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Rally Stalling At 112.73. Having...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Rally Stalling At 112.73.
Having based at 112 yesterday, post Fed dollar demand through Asia provided a
platform for USDJPY to bounce although the rally has stalled at 112.73. The 50%
retracement of October's downtrend comes in at 113.09. Above here targets the
double-top resistance area at 113.45/50. Bears need to break back below 112 to
target the 100-dma at 111.42, raising the prospect of a reversal pattern.

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