Free Trial

200-DMA Proves Unsupportive EURJPY...>

EURO-YEN TECHS: 200-DMA Proves Unsupportive
EURJPY managed to hold above the key 200-dma on a closing basis on Friday but
the level failed to hold Monday morning, extending declines through 131 and
challenging 130. Bears look for a close at or below current levels to shift the
outlook neutral and target 130 and the 100-dma at 129.37. Bulls need to break
132.00 to return upside focus, before targeting 133.00, a level which is growing
in importance having failed to hold at a closing basis in recent sessions.

To read the full story



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.