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USD Losing its Grip Monday's.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: USD Losing its Grip
Monday's failed break of 111.00 was further accentuated with USDJPY extending
its corrective pullback through 110.40. This puts downside focus on the Feb 15
low & 50-dma at 110.26/109.80. Below here would bring the 109.50/55 level back
into view which holds the Feb 6 low & 61.8% fibo support. To reignite upside
momentum bulls need to clear the 200-dma at 111.31, above here opens a run at
the 111.35/45 area which registered a series of previous highs through December.
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