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110 Gaining Importance The.........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 110 Gaining Importance
The 110.00 level has proven to be a step too far for the bulls, which look to
take out this level to extend the recovery and target the 200-dma at 111.23 and
the Dec 26 high at 111.41. Failure to take out 110.00 allows bears to focus on
the 21-dma at 109.25, below which would put focus back on a the downside and a
return to the 108.00 level.

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