Free Trial

Bullish Signals EURJPY has briefly...>

EURO-YEN TECHS
EURO-YEN TECHS: Bullish Signals
EURJPY has briefly traded above the 131.00 level and is generating renewed
bullish signals on the intraday charts. The 200-dma at 131.13 is the next hurdle
for bulls to overcome as they attempt to resume the broader uptrend. Above here
targets the July 17 high of 131.99, and a close above this level would
potentially trigger a large-scale double-bottom formation. Bears need a close
below 130.00 to shift the outlook back to neutral and a close below 128.00 to
return focus to the August lows of 124.91.

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.