Free Trial

Bearish Breakout EURJPY is...........>

EURO-YEN TECHS
EURO-YEN TECHS: Bearish Breakout
EURJPY is extending losses following Friday's break below the key 55-DMA support
level, which now sits at 129.17. The EURJPY decline has already extended below
the previous recent low at 129.13, opening the way for the developing downtrend
to be extended towards 127.15 initially. The May 29 lows all the way down at
124.62 would come into play on a break below 127.15. Gains above 129.52 are now
needed to stabilise the outlook.

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.