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Fed Gains Sold Off USDJPY..........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Fed Gains Sold Off
USDJPY consolidates post Fed gains, settling around the 112.50 area. To resume
any recovery, bulls target the 50% retracement level of October's downtrend at
113.09, a break opens the double-top resistance area at 113.45/50. Bears need a
close back below 112, before challenging up trendline support at 111.78. The
100-dma is placed behind at 111.42, raising the prospect of a reversal pattern.

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