Free Trial

Bulls Need Weekly Close Above......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Need Weekly Close Above 110
USDJPY briefly traded above the 110 level in early Asia, but the move was
quickly faded. Bulls need a positive weekly close above here to put the focus
back on the 100-dma at 110.55, ahead of the 200-hma & 100-wma at 110.78/80. The
recent downtrend remains intact with bears looking to take out yesterday's low
at 109.47, a break opens a run at the psychological 109 level, ahead of the
long-term 50% retracement at 108.84.

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.