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Testing Range Bottom USDJPY is.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Testing Range Bottom
USDJPY is keeping the pressure on the lower end of the recent tight trading
range. However, the move lower is not consistent with momentum indicators, which
have remaining neutral. Also, the rising 100-dma is now set to break above the
200-dma to give a medium term positive trend signal. Significant support is
clustered in the 110.43/11 though to the 109.93/90 area(100 & 200 dma). The
ability to hold above here keeps the longer term bullish trend intact.

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