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Lower Highs Continue Bulls were....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Lower Highs Continue
Bulls were unable to take out the Dec 3 highs last week which saw another lower
high established. Bulls now need to recover 113.71 to open a run at the 114
level, which holds the descending trend line off Oct 4 highs. To the downside,
the 50-dma provides the next layer of support at 113.02. Bears need to break the
100-dma (112.40) & double bottom support area at 112.20/25, to open a move
towards 111.60.

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