Free Trial

1% Volatility Band The Bar To A......>

EURO-YEN TECHS
EURO-YEN TECHS: 1% Volatility Band The Bar To A Fresh Y134.41 Challenge
*RES 4: Y134.64 1.618 swing of Y133.50-Y131.66
*RES 3: Y134.41 Sep 22 high, 61.8% Fibo of Y149.80-Y109.51
*RES 2: Y134.17 1% volatility band
*RES 1: Y133.96 Intraday high
*PRICE: Y133.80 @1235GMT
*SUP 1: Y133.05/20 Hourly basing area Oct 19
*SUP 2: Y132.80 Hourly support
*SUP 3: Y132.47 Oct 19 low
*SUP 4: Y132.20/25 Hourly highs Oct 16-18, now support
*COMMENTARY* The Y131.75-Y131.66 area has managed to hold recent setbacks,
following last month's assault on the long term 61.8% Fibo retrace level at
Y134.41. The subsequent recovery this week has been impressive, now approaching
the upper 1% volatility band, at Y134.17 today, as we return towards that
Y134.41 high. Some near term overbought conditions can see a Y133.20-Y133.05
pullback but will currently need to lose Y132.80 to spoil upside momentum.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.