Free Trial

125 Proving Hard To Overcome.........>

EURO-YEN TECHS
EURO-YEN TECHS: 125 Proving Hard To Overcome
EURJPY touched 125.00 in early Europe, but again failed to build on gains. The
125.00/10 level is now growing in importance having previously registered a
series of highs. Above here would turn the outlook more bullish opening the Jan
1 high at 126.14, ahead of the Dec 31 high at 126.44. Below 124 shifts the
outlook bearish with downside focus on the Jan 4 low at 122.59, ahead of the
38.2% retracement level at 121.99.

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.