Free Trial

200-DMA Key Resistance EURJPY........>

EURO-YEN TECHS
EURO-YEN TECHS: 200-DMA Key Resistance
EURJPY traded back above 130 today, but again encountered strong resistance
ahead of the 200-dma at 130.21. A close above confirms the broader bullish trend
remains intact, targeting the Oct 10 high & 61.8% retracement of 133.13-126.64
at 130.50/65. Bears need a close below the 100-dma at 129.52 to return the focus
back to neutral, while a break back below 127.00 is needed to reignite downside
momentum.

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.