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Looking To Close The Week Above....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Looking To Close The Week Above 200-wma
Despite the bullish close above 114 Thursday, markets are left in waiting of a
bullish breakout, which would initially target the Oct 4 high at 114.55. Despite
the failure to hold gains Friday, the pair remains on track to close above the
200-wma at 113.03. This opens the multi-year 23.6% retracement of 75.35-125.86
at 113.94 before the 76.4% fibo of 118.66-104.56 comes into play at 115.33. A
close below the 200-wma is needed to shift momentum back to the bears opening
broken trendline resistance-turned-support & 21-dma at 112.60/76.

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