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Struggling To Build Above 110......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Struggling To Build Above 110
USDJPY breached the 110.00 level yesterday but failed to close above. Bulls have
so far struggled to gain traction with topside focus returning to the Dec 31
high & 50-dma at 110.48/65, a break opens the 200-dma at 111.27. Bears need to
clear the 21-dma & 61.8% retracement level at 109.17/13, before challenging the
Jan 31 low at 108.50.

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