Free Trial

Above 55-DMA To Target 2018 Highs....>

EURO-YEN TECHS
EURO-YEN TECHS: Above 55-DMA To Target 2018 Highs
*RES 4: Y133.59 100-DMA
*RES 3: Y133.43 Hourly support Feb 13 now resistance
*RES 2: Y133.05 High Feb 21
*RES 1: Y132.24 Hourly support Feb 21 now resistance
*PRICE: Y132.03 @ 0230GMT
*SUP 1: Y131.60 Hourly support Feb 26 
*SUP 2: Y130.91 2018 Low Feb 23 
*SUP 3: Y130.59 Low Sept 15 
*SUP 4: Y129.34 Monthly Low Sept 6
*COMMENTARY: O/S daily studies appear to be impacting with the pair having
failed so far to gain traction below the 200-DMA (Y131.26). Bears now look for a
close below Y130.59 to confirm a break of the 200-DMA and shift initial focus to
Y127.54-129.34 where monthly lows are noted. Layers of resistance remain
Y132.24-134.28 where key DMAs are situated. Bulls continue to look for a close
above the 55-DMA to target 2018 highs (Y137.50).

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.