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Bulls Look To Close Above 112......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Look To Close Above 112
USJPY was unable to consolidate its break above channel top resistance on Friday
with bulls now needing a close above 112 to reignite upside momentum. The 50%
retracement level & Dec 20 high lie just above here at 112.44/60. Bears need a
move back below the 200-dma at 111.35 to stabilise the outlook, while a break of
the Feb 15 low & 50-dma at 110.26/109.85 is needed to shift momentum back to the
downside.

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