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Up Trendline Support Key USDJPY....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Up Trendline Support Key
USDJPY breached up trendline support off the March lows, before meeting support
from the Dec 4 low. This level is now starting to gain importance having traded
through here on two previous occasions, but failed to close below. Downside
confirmation turns the outlook negative with bears targeting the Nov 20 low &
100-dma at 112.31/25. Bulls need a convincing break of the 50% retracement level
at 113.21 to open a run at 114.00.

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