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Testing Resistance At 55-DMA ......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Testing Resistance At 55-DMA 
Yesterday's slight recovery in USDJPY has sent the pair back to test its 55-dma,
currently at 110.81. The downtrend from the August 1 high remains intact, but a
close above 111.00 would negate this, while a rally above 111.87 would target
112.15. Bears need to hold the 55-dma to keep the bearish trend intact and
target the 200-dma at 109.96. Below here, the daily cloud base/100-dma kicks in
at 109.76/74. 

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