Free Trial

Breaks Uptrend Support EURJPY took...>

EURO-YEN TECHS
EURO-YEN TECHS: Breaks Uptrend Support
EURJPY took out uptrend support from the Aug lows, before basing at 127.64. A
close below turns the outlook bearish targeting a move toward the Oct lows at
126.64. Bulls need to clear broken trendline support-turned-resistance & the
100-dma at 128.92/15 to improve the outlook. Above here opens the Nov 9 high &
200-dma at 129.65/67.

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.