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Closing In Bullish Channel Key A...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Closing In Bullish Channel Key
A close above the channel support at the 110.87 level is needed to maintain the
bullish channel. While USDJPY has maintained closes above here until now, two
intra-day breaches are challenging the bullish trend. Interestingly, USDJPY has
rebounded from the 50-DMA, but gains above the 111.55 level are required to
provide a fresh positive signal for the near-term suggesting scope for an
initial move to 112.05.

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