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110 Level Back in Focus USDJPY.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 110 Level Back in Focus
USDJPY charted a bearish Harami & death cross yesterday followed by a sharp
retracement off 110.00. Renewed momentum builds putting focus back on this key
level which has proved hard to overcome in recent sessions. Bulls need a close
above here to extend the uptrend and target the 200-dma & Dec 26 high at
111.25/41. Bears focus remains on the 21-dma & Jan 18 low at 109.12/06, below
which brings the 108.00 level back into view.

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