Uptrend Intact (Just) USDJPY.......>

DOLLAR-YEN TECHS: Uptrend Intact (Just)

USDJPY close back above the broken uptrend from March lows yesterday, before

running into resistance around the 21-dma at 113.13. Another close above the

trendline at 113.02 would see the bulls remain in control, targeting the 114

level. Above here would see the ytd high at 114.55. Bears are trying to push the

cross lower with USDJPY trading below the 50-dma at 112.93 at the time of

writing. Support can be found at Tuesday's low of 112.31 and the 100-dma at

112.12, a break of which would shift the outlook negative. This would open the

Oct 26 low at 111.38.