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Uptrend Threatened Failed upside...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Uptrend Threatened
Failed upside break has triggered a sharp bearish reversal. Indeed, USDJPY has
breached major up trendline support, which now risks a larger pullback into the
110.59 area. Below here the focus would be on 109.37. Closing below 111.00 today
will confirm the bearish breakout. Bulls would need to regain 111.87 to
stabilise the near-term outlook and target 112.15.

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