Free Trial

Bears Need Close Below Y134.81.......>

EURO-YEN TECHS
EURO-YEN TECHS: Bears Need Close Below Y134.81
*RES 4: Y139.02 Monthly High Aug 2015
*RES 3: Y136.62 2018 High Jan 5
*RES 2: Y136.32 High Jan 8, Bollinger band top
*RES 1: Y136.09 High Jan 16
*PRICE: Y135.73 @ 0220GMT
*SUP 1: Y134.93 21-DMA 
*SUP 2: Y134.81 Hourly support Jan 12 
*SUP 3: Y134.39 Alternating hourly support/resistance 
*SUP 4: Y133.60 Hourly support Jan 11
*COMMENTARY: The sell-off found support around the 21-WMA and ahead of the
100-DMA (Y132.99) with the recovery seeing initial focus on 2018 highs. While
the 100-DMA (Y132.99) supports overall bullish focus remains on 139.02-141.05
where monthly highs are noted. Bears still need a close back below Y134.81 to
ease bullish pressure and shift focus back to the 21-WMA and 100-DMA. Below the
100-DMA shifts focus to Y130.59-132.03.

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.