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Bullish Trend Intact USDJPY........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bullish Trend Intact
USDJPY closed above 114 yesterday, confirming the bullish trend and bringing the
Oct 4 high at 114.55 into view. Despite a minor pullback through Asia, buyers
have returned in the hope of a positive weekly close. Option-related resistance
is noted at 115.00, a break opens the long-term 76.4% fibo of 118.66-104.56 at
115.33. A close below 113.00 is needed to shift momentum back to the bears
opening broken trendline resistance-turned-support & 21-dma at 112.60/76.

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