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USD Profit Taking USDJPY failed....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: USD Profit Taking
USDJPY failed to take out the Nov 12 high with the subsequent retracement
dipping back under 114. Bulls need a close above this level to keep the topside
in focus, a break of 114.55 confirms the bigger picture bullish trend, opening
option-related resistance at 1.15. A break below the Nov 7 low at 112.95 would
shift the short-term outlook back to negative, opening the 21-dma & up broken
trendline resistance-turned-support at 112.94/80.

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