Free Trial

All Eyes On 110.29 *RES 4:.........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: All Eyes On 110.29
*RES 4: 110.96 High May 6, 2019
*RES 3: 110.67 High May 21, 2019
*RES 2: 110.29 High Jan 17 and bull trigger
*RES 1: 110.02 High Feb 7
*PRICE: 109.73 @ 10:31 GMT Feb 10
*SUP 1: 109.30 Low Feb 5
*SUP 2: 108.55 Low Jan 4
*SUP 3: 108.31 Low Jan 31
*SUP 4: 108.27 76.4% retracement of the Jan 8 - Jan 17 rally
USDJPY maintains a bullish tone. Last week's gains resulted in the breach of a
number of key near-term resistance levels. Attention is on 110.29, the Jan 17
high and the near-term bull trigger. A break of this level would reinforce
bullish conditions and pave the way for strength towards 110.67, the May 21
high. A break higher would also confirm a resumption of the broader uptrend that
has been in place since late August last year. Initial support lies at 109.30.

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.