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Below 55-DMA Spells Trouble With...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Below 55-DMA Spells Trouble
With USDJPY breaching major up trendline support at 111.17, support at the
55-dma, currently at 110.73 is under attack. A break through here would shift
the focus firmly lower, initially to the 200-dma at 110.00, and then the June
lows at 109.37. Bulls would need to regain 111.87 to stabilise the near-term
outlook and target 112.15.

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