Free Trial

50-dma keeps lid on price action.....>

EURO-YEN TECHS
EURO-YEN TECHS: 50-dma keeps lid on price action
The failure to top the 50-dma Wednesday plays into bears hands for now, keeping
focus on downside targets at Y124.18 and Y123.79. This will remain the case
until bulls are able to nudge the price back above Y125.58. Above there, bulls
target the Feb 2 high & down trendline resistance at 125.95/126.15. A recovery
through here strengthens the uptrend bringing the 128 area back into focus.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.