Free Trial

21-DMA Support Holds Firm The......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 21-DMA Support Holds Firm
The 21-dma acted as strong support on Friday, with a bounce off this level
keeping the bullish trend intact. Last week's close above the 200-wma shifts
focus to the Oct 31 high at 113.39, ahead of the Oct 8 high at 113.94. On the
downside, a close below the 21-dma, currently at 112.56, returns the outlook
neutral with bears targeting broken trendline resistance-turned-support at
112.30.

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.