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110 Level Growing in Importance....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 110 Level Growing in Importance
USDJPY improved to 109.95 but again failed to take out 110.00. This level has
proved hard to overcome and is now starting to grow in importance. A clean break
puts focus on the 100-wma at 110.87, ahead of the 200-dma at 111.26. Bears need
a downside break of the 21-dma & Jan 18 low at 109.07/06 to bring the 108.00
level back into view.

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