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Break Above 114 Fails Despite......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Break Above 114 Fails
Despite breaking above 114 yesterday, Powell's dovish speech saw USDJPY lose
this level to keep down trendline resistance from the Oct highs intact. Bulls
need to overcome the October/November highs of 114.21/54 to extend the broader
bullish trend. On the downside, bears need to close below the Nov 20 low/100-dma
at 112.31/23 to shift the outlook negative. This would open the Oct 26 low at
111.38.

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