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Support at 21-dma USDJPY has.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Support at 21-dma
USDJPY has given up some of the large gains seen so far this week, finding
support around the 21-dma which comes in at 113.21. To the downside, the 50-dma
and 100-dma provide the next levels of support. Bears need to break the 100-dma
& double bottom support area at 112.20/25, to open a move toward 111.60, while
the 200-dma is placed behind at 110.70. In early Wednesday trading, USDJPY
extended the recent uptrend to bring the Dec 4 high at 113.66 into view. A close
above would see bulls target a break of the 114 level, which also holds the
descending trend line off Oct 4 highs.

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