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Testing Cloud Base Support.........>

DOLLAR-YEN TECHS: Testing Cloud Base Support
Pressure remains toward the downside with USDJPY holding near the lower end of
its recent tight trading range. However, the move lower is not consistent with
momentum indicators, which have remained neutral. Also, the rising 100-dma is
now set to break above the 200-dma to give a medium term positive trend signal.
The Aug 13 low provides initial support at 110.11, below here targets the
109.93/90 area(100 & 200 dma). Bulls need a close above 111.12 for confirmation,
opening descending trendline and daily cloud top resistance at 111.25/27.

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