Free Trial

Back In The Range Despite briefly....>

EURO-YEN TECHS
EURO-YEN TECHS: Back In The Range
Despite briefly dipping back under the 124.00 level, EURJPY recovered to settle
back in its range. Bulls look for a close above 125 to suggest a bullish
reversal, opening a move towards the Jan 1 & Dec 31 highs at 126.14/44. Bears
need a break of the Jan 15 low at 123.40 to return focus to the 38.2%
retracement level & Jan 4 low at 122.65/59.

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.