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Printing Lower Highs Failure to....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Printing Lower Highs
Failure to take out the Dec 3 high last week saw USDJPY register another lower
high. 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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