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Channel Top Resistance.............>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Channel Top Resistance
Channel-top resistance has so far capped topside gains at 112.00 and will be
monitored at the close. Dollar bulls have enjoyed a good run this week with
further resistance located above from the 50% retracement level & Dec 20 high at
112.44/60. Bears need a move back below the 200-dma to stabilise the outlook,
while a break of the Feb 15 low & 50-dma at 110.26/109.82 is needed to shift
momentum back to the downside.

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