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Upside Momentum Lacking USDJPY....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Upside Momentum Lacking 
USDJPY is struggling to break higher after Monday's strong bounce off support,
which keeps the near-term outlook neutral. Bulls need to take out the Dec 4 high
at 113.66 to allow a run at the key 114 level, which also holds the descending
trend line off Oct 4 highs. To the downside, the 50-dma and 100-dma provide the
next levels of support. Bears need to break the 100-dma & double bottom support
area at 112.20/25, to open a move toward 111.60, while the 200-dma is placed
behind at 110.70. 

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