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Trendline Resistance Next Up.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Trendline Resistance Next Up
USDJPY appears to have formed a solid base at its 200-dma with upside momentum
picking up following the break above 110.55. Down trendline resistance from the
Aug 1 comes in at 111.00, a break above here, and the Aug 16 high of 111.12,
would provide fresh bullish signals. Bears need a close below the 200-dma at
109.84, shifting the focus toward the May 29 low at 108.11.

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