Free Trial
USDCAD TECHS

Takes Out 20-, 50-Day EMAs

US TSYS

Weak Global PMIs

AUDUSD TECHS

Pierces 50-Day EMA

US TSYS

Eurodollar/SOFR, Tsy Option Roundup

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Bullish But Lacking An Impulse.......>

EURO-YEN TECHS
EURO-YEN TECHS: Bullish But Lacking An Impulse
*RES 4: 122.32 High Jul 7
*RES 3: 121.52 200-day MA
*RES 2: 121.48 High Oct 21 and bull trigger
*RES 1: 121.02 High Dec 2
*PRICE: 120.09 @ 06:06 GMT Dec 9
*SUP 1: 120.00 Intraday low
*SUP 2: 119.58 Low Nov 25
*SUP 3: 119.35/25 Channel base drawn off the Sep 3 low / Low Nov 14
*SUP 4: 118.73 Low Oct 11
EURJPY retreated Friday, however a bullish outlook remains intact. This follows
the gradual recovery in price since Nov 14. The break above 120.69, Nov 18 high
is a positive development. Furthermore, this activity reinforces the importance
of the Nov 15 candle pattern, a bullish engulfing that signalled a reversal at
119.25 on Nov 14. The focus is on 121.48, Oct 21 high. Initial support at 120.10
was breached Friday, the next support is at 119.58, Nov 25 low.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.