Free Trial

123.00 Intact, For Now EURJPY........>

EURO-YEN TECHS
EURO-YEN TECHS: 123.00 Intact, For Now
EURJPY confirmed a falling wedge pattern last week, with the bullish reversal
topping out at 122.99. Bulls look for a break above 123.00 to extend the uptrend
toward the May 23 high & 38.2% retracement of the May-Apr fall at 123.08. On the
downside, any move back under the triangle top would allow bears to return the
focus to the 50% retracement level & triangle base at 121.45/12.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.