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Bulls Need to Clear 112 USDJPY.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Need to Clear 112
USDJPY continues to gravitate around the 112 level with bulls looking to recover
Wednesday's high at 112.17 to ignite some upside momentum. Above here opens the
76.4% retracement of the Oct - Jan fall at 112.25, ahead of the Dec 20 high at
112.60. Bears look for consolidation below the handle to suggest a potential
downside reversal, with a break below the 200-dma at 111.52 needed for
confirmation.

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