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Approaching Dec highs USDJPY.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Approaching Dec highs
USDJPY breached the 113.50/55 area (series of previous highs) to bring the Dec 3
high at 113.85 into view. Above here allows bulls a run at the key 114 level,
which holds the descending trend line off Oct 4 highs. To the downside, the
50-dma provides the next layer of support at 113.02. Bears need to break the
100-dma & double bottom support area at 112.20/25, to open a move toward 111.60,
while the 200-dma is placed behind at 110.74.

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