Free Trial

Above Y110.25 To Shift Focus.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Above Y110.25 To Shift Focus Higher
*RES 4: Y110.82 High Aug 8 
*RES 3: Y110.59 Hourly resistance Aug 8 
*RES 2: Y110.25 Low Aug 8 now resistance 
*RES 1: Y109.58 Low Aug 9 now resistance
*PRICE: Y109.23 @ 2030GMT
*SUP 1: Y108.81 Monthly Low June 14 
*SUP 2: Y108.10 2017 Low Apr 17 
*SUP 3: Y106.95 High Nov 10 now support 
*SUP 4: Y104.91 Low Nov 10
*COMMENTARY: The Y110.25 resistance confirmed significance with the pair
remaining capped ahead of this level resulting in fresh 2mth lows and bears
focused on Y108.10-81 where 2017 lows are noted. The Bollinger base (Y109.17) is
the key concern for bears. Layers of resistance are building and weighing on the
pair with bulls needing a close above Y109.58 to gain breathing room and above
Y110.25 to shift focus back to Y111.05-41 where key DMAs are noted.

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.