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Recovery Gains Traction USDJPY.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Recovery Gains Traction
USDJPY touched post FOMC lows of 110.30, but has since recovered to the
110.90/95 area. Bulls need to clear 111.00 & the 100-dma at 111.24 to stabilise
the outlook, above here brings the 200-dma & broken channel base
support-turned-resistance into view at 111.45/60. Bears need a close below the
50-dma (110.36) to open the 110.00/10 area which has registered a series of
previous highs through Jan/Feb.

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