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Staying Above 112 USDJPY came......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Staying Above 112
USDJPY came under pressure Thursday briefly breaking below the 112 level but
closing above it. Friday support has held around the 23.6% YTD Fibo level at
112.19 with resistance around Thursday's highs at 112.74. Bears need a close
back below 112 before challenging up trendline support at 111.78. The 100-dma is
placed behind at 111.44, a break of which raises the prospect of a reversal
pattern. Bulls need to recover Thursday's high at 112.73 to resume any recovery.

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