Free Trial

(U2) More Stable But Still Fragile


Trend Structure Remains Bullish


Cautious Risk Appetite Gains Momentum


Key Support Still Exposed


Late Equity Roundup: 2W Highs

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 Outlook Remains *RES 4:......>

EURO-YEN TECHS: Bullish Outlook Remains
*RES 4: 122.10 2.0% 10-dma envelope
*RES 3: 121.83 76.4% Jan - Feb Decline
*RES 2: 121.48 2.0% Upper Bollinger Band
*RES 1: 121.40 High Feb 20
*PRICE: 120.04 @ 16:15 GMT Feb 24
*SUP 1: 119.93 Low Feb 24
*SUP 2: 119.54 50% of the Feb 19 range
*SUP 3: 118.47 Low Feb 18
*SUP 4: 118.00 3.0% Lower Bollinger Band
Despite Monday's pullback, EURJPY bulls remain in control. The 50-dma resistance
gave way on an intraday basis Thursday, a close above this average would further
cement a bullish case. Last week's high of 121.40 marks the near-term bull
trigger. A break would open 121.88 and 122.37 next, the Jan 23 and 21 highs
respectively. On the downside, initial support is seen at 119.54, an important

To read the full story

Why Subscribe to

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.