Free Trial

110 A Step Too Far The Dec 25.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 110 A Step Too Far 
The Dec 25 low at 110.00 looks to be a step too far for now as the pair gives
back gains just ahead of this level. Bulls look for a close above here to target
the 200-dma at 111.22 and the Dec 26 high at 111.41. Bears now look for a drop
back below the 21-dma at 109.29 ahead of a return to the 108.00 level. Below
here would open the 50% retracement & Jan 3 hourly support at 106.83/75.

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.