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Recovery Intact USDJPY based at....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Recovery Intact
USDJPY based at 109.81 yesterday establishing a higher low to keep the recovery
alive. Bulls now look to yesterday's high at 110.31 to extend the rally towards
the 100/21-dma at 110.51/65. A break would suggest a further recovery towards
111 ahead of the 200-dma at 111.43. Bears need to take out yesterday's low to
return the focus to the May 13 low & 109.00. Further support is located at
108.84/73 from the 50% retracement level & Feb 1 low. 

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