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Up Trendline Support Breached Up...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Up Trendline Support Breached
Up trendline support from the March lows was breached Friday as USDJPY fell
through the 100-dma at 111.57, placing the cross into neutral territory. Bulls
need to break back above the trendline at 112.09 and move above the 21-dma at
112.82 to allow a challenge of the YTD highs at 114.55. Bears will now be
targeting 110.60 before the 200-dma at 109.83 comes into focus.

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