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Strong Retail Sales Underpin.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Strong Retail Sales Underpin
Strong US Retail Sales underpinned to hold near the peak of its daily range.
Bulls focus turns to the Dec 3 high at 113.85 to build on recent momentum. Above
here opens a run at the 114 level, which holds the descending trend line off Oct
4 highs. To the downside, the 50-dma provides the next layer of support at
113.02. Bears need to break the 100-dma (112.38) & double bottom support area at
112.20/25, to open a move toward 111.60.

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