Free Trial

Above 100-DMA To Focus On 2018.......>

EURO-YEN TECHS
EURO-YEN TECHS: Above 100-DMA To Focus On 2018 High
*RES 4: Y134.79 High Feb 8
*RES 3: Y134.16 High Feb 9
*RES 2: Y133.06 100-DMA
*RES 1: Y132.61 High Apr 10
*PRICE: Y132.36 @ 0430GMT
*SUP 1: Y131.78 Low Apr 12 
*SUP 2: Y130.82 Hourly support Apr 4 
*SUP 3: Y129.97 High Mar 23 now support 
*SUP 4: Y129.61 55-WMA
*COMMENTARY: The break of Y131.99 lacked follow through with bears now needing a
close below Y131.78 to ease bullish pressure and below Y130.82 to confirm a
break of the 21-DMA (Y131.04) and shift initial focus back to Y128.94-129.96.
Bulls now look for a close above Y132.61 to add support to their case and above
the 100-DMA to end bearish hopes and shift overall focus back to 2018 highs. The
Bollinger top (Y132.67) is the key concern for bulls.

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.