Free Trial

Breaks Lower The outlook for.........>

EURO-YEN TECHS
EURO-YEN TECHS: Breaks Lower
The outlook for EURJPY turned negative after bulls struggled to build on gains
above 130 and bears managing to press spot below Y129.13. The break lower will
be confirmed on an attempt on the Sep 10 low at 127.87, signaling the
medium-term outlook is deteriorating. Bulls need to recover 130.00 to set up a
run at the double-top resistance area & 200-dma at 130.50/72. A break opens the
50% fibo of the 2018 range at 131.06.

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.