Free Trial

Below Its 21-DMA Bears took out....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Below Its 21-DMA
Bears took out the 21-dma yesterday with the pair dipping as low 108.50 before
recovering amid a rise in global risk appetite. The 21-dma now acts as
resistance at 109.02 and bulls need to recover this level to return the focus to
the key 110 area which has proved hard to overcome this year. A close to the
week below the 21-dma would bring the Jan 16 low at 108.38 into view, ahead of a
run at the 108 area. 

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.