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Bulls Need Weekly Close Above......>

DOLLAR-YEN TECHS: Bulls Need Weekly Close Above 110
USDJPY briefly traded above the 110 level in early Asia, but the move was
quickly faded. Bulls need a positive weekly close above here to put the focus
back on the 100-dma at 110.55, ahead of the 200-hma & 100-wma at 110.78/80. The
recent downtrend remains intact with bears looking to take out yesterday's low
at 109.47, a break opens a run at the psychological 109 level, ahead of the
long-term 50% retracement at 108.84.

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