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Uptrend Remains Just About.........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Uptrend Remains Just About Intact
The broader uptrend remains just about intact for USDJPY. We continue to flirt
with the broken up trendline and the 200-dma. Resistance has been found around
the 21-dma at 113.13. For the bull trend to accelerate, we need to see a move to
the 114 level before challenging the ytd high at 114.55. Bears need to close
back below the 50-dma at 112.93. Below here, 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.

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