Free Trial

Breaks 3 Month Range Top,............>

EURO-YEN TECHS
EURO-YEN TECHS: Breaks 3 Month Range Top, Y134.85-Y135.26 Next Resistance
*RES 4: Y136.13 2% volatility band
*RES 3: Y135.82 1.618 swing of Y134.38-Y132.05
*RES 2: Y135.26 Equality rise from Y132.05 to Y131.17-Y134.38
*RES 1: Y134.85/88 1% volatility band, intraday high
*PRICE: Y134.84 @1027GMT
*SUP 1: Y134.10/20 Hourly support
*SUP 2: Y133.92 Dec 19 high, now support
*SUP 3: Y133.62 Hourly basing area Dec 19
*SUP 4: Y133.00/05 Dec 18 high, initial rally high Dec 19
*COMMENTARY* Nudging above the top of the recent range at Y134.50 but so far
being held back by resistance from around the upper 1% volatility band. Has
travelled a long way from Y132.05 this week, so a near term cap between
Y134.88-Y135.26 would not surprise. In the meantime, support has risen to
Y134.20-Y134.10 but it is currently the Dec 19 high at Y133.92 that provides a
better barometer to direction at this juncture.

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.