Free Trial

Based Ahead of 123.00 Risk-off.......>

EURO-YEN TECHS
EURO-YEN TECHS: Based Ahead of 123.00
Risk-off flow dominated through Asia, before forming a base ahead of the 123.00
level. Bulls need to clear the 123.60/70 area to put the focus back on channel
top resistance at 123.97. Bears look for a close under 123.00 to extend the
broader downtrend toward the May 9 low at 122.49. Below here opens a run at the
61.8% retracement of the 2019 range at 122.07, ahead of the psychological 122.00
level.

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.