Free Trial

124.00 Support Seen Firm EURJPY......>

EURO-YEN TECHS
EURO-YEN TECHS: 124.00 Support Seen Firm
EURJPY bounced nicely off Asia lows of 124.09, recovering well above the 124.50
mark. Downside support remains on approach to 124.00, below here would see bears
target the 50% retracement of the 2016 lows to the 2018 highs & March lows at
123.72/66. Bulls need to recover the 125 level to improve the outlook, before
targeting the 50% retracement of 126.81-124.09 & 100-dma at 125.45/55.

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.