Free Trial

Bulls Need To Hold 100-DMA.........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Need To Hold 100-DMA Support 
Downside momentum is picking up and the 100-dma at 112.07 is the next key
support level for the pair. Below here would shift the outlook decidedly
bearish, opening the Oct 26 low at 111.38. The up trendline is providing
resistance at 112.87 ahead of the 21-dma at 113.06. Above here, bulls need to
recover 114, targeting a move towards the ytd high at 114.55 which would confirm
the resumption of the bigger picture bullish trend, opening option-related
resistance at 115.

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.