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Downtrend Extends USDJPY has.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Downtrend Extends
USDJPY has extended its downtrend as bears look for a close below the 110 level
to shift the focus to the Mar 25 low & 50% retracement level at 109.71/56. Below
here would suggest a large double top formation is in play. Bulls look to
recover the 100-dma at 110.56, before challenging the 111 level. A break back
above the 200-dma at 111.49 is needed to reignite upside momentum.

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