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Y111 Proving Hard to Overcome......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y111 Proving Hard to Overcome
USDJPY remains at elevated levels but has so far been unable to clear 111.00.
Bulls need a break of the handle to bring the Feb 14 high & 200-dma into view at
111.13/31. Above here opens the 111.35/45 area which registered a series of
previous highs through December. A downside break of the Feb 15 low & 50-dma at
110.26/109.96 would shift the outlook bearish and bring the 109.50/55 level back
into view which holds the Feb 6 low & 61.8% fibo support.

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