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Upside Momentum Reignites USDJPY...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Upside Momentum Reignites
USDJPY has extended gains above its 100 & 200-dma's in early Asian trading.
Channel top resistance at 111.98 is the next upside target ahead of the
long-term 50% retracement level at 112.44. Bears need to break back below the
200-dma to stabilise the outlook while a break back below the Feb 15 low &
50-dma at 110.26/109.82 is needed shift the outlook bearish. Below here would
bring the 109.50/55 level back into view which holds the Feb 6 low & 61.8% fibo
support.

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