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Below 108 Would Spell Trouble......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Below 108 Would Spell Trouble
USDJPY pulled back towards the 108.00 level yesterday with bears needing a close
below here in order to return focus to the 50% retracement level & Jan 3 hourly
support 106.83/75. Topside focus remains on 109, a close above would suggest a
bullish reversal is in play, targeting broken trendline
support-turned-resistance & the Jan 2 high at 109.48/73.

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