Free Trial

Above Y107.49 To Shift Focus.......>

DOLLAR-YEN TECHS: Above Y107.49 To Shift Focus Higher
*RES 4: Y109.49 100-WMA 
*RES 3: Y108.42 Low Feb 12 now resistance 
*RES 2: Y108.03 Low Feb 9 now resistance 
*RES 1: Y107.49 High Apr 5
*PRICE: Y107.22 @ 2130GMT
*SUP 1: Y106.57 Low Apr 9 
*SUP 2: Y106.30 21-DMA 
*SUP 3: Y105.29 Hourly resistance Mar 23 now support 
*SUP 4: Y104.55 2018 Low Mar 26
*COMMENTARY: Bulls failed to capitalise on the close above the 55-DMA Thursday
with the sell-off providing bears breathing room. A close below the 21-DMA is
now needed to shift initial focus back to Y105.29. The Y107.49 resistance is
key. Bulls need a close above to reconfirm focus on Y108.03-42 with a close
above this region to target Y109.29-110.54 where key DMA and WMAs are situated.
Daily studies approaching O/B is the key concern for bulls.

To read the full story



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.