Free Trial

Below Y135.61 To Ease Bullish........>

EURO-YEN TECHS: Below Y135.61 To Ease Bullish Pressure
*RES 4: Y141.05 Monthly High June 4 2015
*RES 3: Y140.65 High June 18 2015
*RES 2: Y139.02 Monthly High Aug 2015
*RES 1: Y136.40 High Oct 21 2015
*PRICE: Y136.09 @ 2030GMT
*SUP 1: Y135.97 Hourly support Jan 4 
*SUP 2: Y135.61 High Jan 2 now support 
*SUP 3: Y134.78 Low Jan 3 
*SUP 4: Y134.28 Hourly support Dec 27
*COMMENTARY: Fresh 2+ year highs continue to add support to the bullish case for
a move targeting Y139.02-141.05. The Bolli top & O/B studies are key concerns
for bulls. Layers of support continue to build with bears now needing a close
below Y135.61 to ease bullish pressure and below Y134.78 to shift focus back to
Y133.88-134.11 where the 21-DMA is located.

To read the full story



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.