Free Trial

Bulls Look To Mount A Recovery.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Look To Mount A Recovery
The 112 level and 50-dma continue to act as support as bulls now look for a
break of 112.50 to open the 50% retracement of October's downtrend at 113.09.
Above here targets the double-top resistance area at 113.45/50. Failure to
recover 112 would allow bears to target the 100-dma at 111.34, raising the
prospect of a bearish reversal pattern.

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.