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114 Acting as Resistance Failure...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 114 Acting as Resistance
Failure to build above 114 has seen USDJPY extend its corrective pullback
towards the 113 area. Bears need a close below the Nov 7 low at 112.95 to
capitalise on the recent downtrend, opening broken trendline
resistance-turned-support at 112.87, ahead of the 100-dma at 112.01. Bulls need
to recover 114, targeting a move toward the ytd high at 114.55. Above here
confirms the bigger picture bullish trend, opening option-related resistance at
115.

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