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Powell Plants Roadbump The.........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Powell Plants Roadbump
The bullish argument strengthened for much of the Wednesday session as USD/JPY
showed above Y114, opening a clear run at October/November highs of Y114.21/54.
Before the close, Powell's dovish knocked bulls' chance however, but short,
medium and long-term momentum indicators continue to point higher. Bears need to
close below the Nov 20 low/100-dma at 112.31/20, to shift the outlook negative.
This would open the Oct 26 low at 111.38.

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