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Starting to Look a Little..........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Starting to Look a Little Bearish
Downside momentum is picking up, with the 76.4% retracement from 104.56-114.73
at 112.33 providing near-term support ahead of the 100-dma at 112.07. Below here
would shift the outlook decidedly bearish, opening the Oct 26 low at 111.38. The
up trendline is providing resistance at 112.92 ahead of the 21-dma at 113.06.
Above here, bulls need to recover 114, targeting a move towards the ytd high at
114.55 which would confirm the resumption of the bigger picture bullish trend,
opening option-related resistance at 115.

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