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Trying to Re-energise Uptrend......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Trying to Re-energise Uptrend
Bulls are trying to keep the uptrend alive and on Wednesday attempted to break
back above the broken up trendline/50-dma. However, the rally ran into
resistance at the 21-dma at 113.10. A close above here would see the short-term
uptrend reignited. Above here would open the 114 level before a challenge of the
ytd high at 114.55. Bears look to initially break below Tuesday's low of 112.31
before taking out the 100-dma at 112.09 to shift the outlook negative. This
would open the Oct 26 low at 111.38.

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