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USD Bulls Take Comfort USD bulls...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: USD Bulls Take Comfort
USD bulls took comfort from the strong US Jobless Claims report. USDJPY remains
clear of the 200-dma & trendline resistance at 111.49, with a close above here
needed to cement the uptrend. This would bring the 112.00 level into view, ahead
of previously broken channel base support-turned-resistance at 112.12. Bears
need a downside break of 110 to return the focus to the Mar 25 low at 109.71.

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