Free Trial

Back Below 100/55-dmas EURJPY.......>

EURO-YEN TECHS
EURO-YEN TECHS: Back Below 100/55-dmas 
EURJPY broke below up trendline support from the March 28 low yesterday as well
as the 100/55-dmas at 125.63/53 and the 38% retracement of 126.81-123.66 at
125.61. Bears are firmly in charge with the next downside target coming in
125.00 & the Apr 10 low at 124.78. Bulls need to recover the 126 handle before
challenging Thursday's high at 126.81. A break here opens a run at the 127
level, ahead of the Mar 1 high & 200-dma at 127.47.

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.