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Resistance At 110 Holds Firm.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Resistance At 110 Holds Firm
USDJPY touched 110.00 yesterday but failed to overcome this level allowing bears
to send the pair back to 109.50, keeping the outlook neutral. Bulls need a close
above here to extend the uptrend and target the 200-dma & Dec 26 high at
111.25/41. Bears focus remains on the 21-dma & Jan 18 low at 109.12/06, below
which brings the 108.00 level back into view.

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