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110 Key For Bulls USDJPY touched...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 110 Key For Bulls
USDJPY touched 110.00, but has so far failed to extend gains. This level has
proved hard to overcome in recent sessions, as traders note of the impending
death cross formation (50-dma crosses below 200-dma). Bulls need a close above
to extend the uptrend and target the 200-dma & Dec 26 high at 111.24/41. Bears
focus remains on the 21-dma & Jan 18 low at 109.21/06, a break brings the 108.00
level back into view.

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