Free Trial

Bullish Momentum Building EURJPY.....>

EURO-YEN TECHS
EURO-YEN TECHS: Bullish Momentum Building
EURJPY is looking to extend its rally and make it six consecutive daily gains,
with resistance from the 100-dma at 129.63 giving way yesterday. Above 129.63
targets long-term downtrend resistance off Feb highs at 130.40, and the 200-dma
currently at 131.34. On the downside, bears need a close below the 128.50/55
area to allow them to target the 21-dma at 128.13.

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.