Free Trial

Back Above 125 EURJPY was helped.....>

EURO-YEN TECHS
EURO-YEN TECHS: Back Above 125
EURJPY was helped off its lows by improved risk, but would need a close above
the 125 level to cement the recovery. This puts the focus back on the 50-dma at
125.33, ahead of pivotal resistance at 125.83. Below 125 gives control back to
the bears, targeting a downside break of the 123.70/90 zone which has registered
a series of previous lows.

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.