Free Trial

Below Y128.94 Targets................>

EURO-YEN TECHS
EURO-YEN TECHS: Below Y128.94 Targets Y125.80-127.54
*RES 4: Y133.06 100-DMA
*RES 3: Y132.44 High Mar 13
*RES 2: Y132.36 55-DMA
*RES 1: Y132.12 200-DMA
*PRICE: Y131.25 @ 0430GMT
*SUP 1: Y130.82 Hourly support Apr 4 
*SUP 2: Y129.97 High Mar 23 now support 
*SUP 3: Y129.39 200-WMA, 55-WMA 
*SUP 4: Y128.94 2018 Low Mar 23
*COMMENTARY: The pair currently remains supported around 55 & 200-WMAs and
capped ahead of the 200-DMA with the 100-DMA key topside. Bulls need a close
above the 100-DMA to end bearish hopes and hint at a move back to 2018 highs
with a close above Y134.16 to confirm. Pressure returned to Y129.97 to start the
new week with bears needing a close below to return focus to Y128.94-129.39
where WMAs and 2018 lows are located.

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.