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Stuck In a Range USDJPY briefly....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Stuck In a Range
USDJPY briefly traded below the 108.00 level yesterday, but recovered through NY
to keep the recent range intact. A downside break of 108.00 is needed to return
focus to the 50% retracement level & Jan 3 hourly support 106.83/75. Topside
focus remains on 109, a close above would suggest a bullish reversal is in play,
targeting broken trendline support-turned-resistance & the Jan 2 high at
109.47/73.

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