Free Trial

125 Area Back In Focus EURJPY was....>

EURO-YEN TECHS
EURO-YEN TECHS: 125 Area Back In Focus
EURJPY was unable to extend its uptrend yesterday, meeting resistance at the
125.60/65 area before drifting back into the range. Bears now look for a close
back under 125.00 to return the focus to the downside, opening the April 2 low
at 124.62/48. To regain momentum bulls need to take out 125.65 which is now
starting to grow in importance having registered a series of previous highs.
Above here would target a break of the 100-dma at 125.89 and the 126.00 level. 

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.