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Consolidating Gains USDJPY is......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Consolidating Gains
USDJPY is consolidating gains after clearing Wednesday's highs, keeping the
focus on the Oct 4 high at 114.55. A break above here would give further weight
to the bigger picture bullish trend. Bears would need a break below Wednesday's
low at 112.95 to shift the near-term outlook negative, opening up broken
trendline resistance-turned-support & the 21-dma at 112.60/84.

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