Free Trial

50-DMA Proves Resilient, USD/JPY Rebounds


(Z2) Improves Off Lower Level


A Late NY Bid


(Z2) Primary Trend Direction Remains Down

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
GOLD TECHS: Above $1286.1 Required To Improve Upside Prospects
*RES 4: $1296.1 76.4% Fibo of $1306.1-$1263.8
*RES 3: $1291.5 Oct 18 high
*RES 2: $1286.1 Oct 23 high
*RES 1: $1283.0 Nov 6 high
*PRICE: $1276.5 @1043GMT
*SUP 1: $1270.9 Hourly support
*SUP 2: $1263.8 Oct 27 low
*SUP 3: $1260.7 Oct 6 lo
*SUP 4: $1251.7 Aug 8 low, 2017 bull channel base
*COMMENTARY* After losing the $1271.4 support level, last week saw a low of
$1263.8, just ahead of the next key level, the Oct 9 low at $1260.7. As a
result, became oversold on a near term basis and the move back above $1280.3 has
done much to alleviate this, ahead of the $1286.1 resistance level. Need back
above here to further improve upside potential. Meanwhile, a loss of $1270.9
support would concern and may well see the downside come under pressure again. 

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.