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110 Proving Hard to Overcome The...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 110 Proving Hard to Overcome
The 110.00 level has proven hard to overcome in recent sessions, USDJPY touched
109.70 before drifting back into the range. Bulls need to clear 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 brings the 21-dma & Jan 18 low at 109.24/06
into view, a break puts focus back on the downside and a return to the 108.00
area.

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