Free Trial

Bulls Retain Focus on 2017 High......>

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Retain Focus on 2017 High
*RES 4: Y135.84 Low Oct 21 2015 now resistance
*RES 3: Y134.50 2017 High Oct 25
*RES 2: Y134.05 Hourly support Dec 1a now resistance
*RES 1: Y133.74 Hourly support Dec 1 now resistance
*PRICE: Y133.46 @ 1930GMT
*SUP 1: Y133.34 Hourly support Dec 8 
*SUP 2: Y132.98 Hourly resistance Dec 7 now support 
*SUP 3: Y132.58 Hourly support Dec 7 
*SUP 4: Y132.24 Low Dec 6
*COMMENTARY: Bears failed to capitalise on a close below 21 & 55 (Y132.68-79)
DMAs with the pair bouncing from ahead of the bull channel base and 100-DMA
(Y131.73). Y30.59-131.96 support region remains key. In saying that, bears look
for a close below Y132.98 to ease bullish pressure with below 132.58 to return
pressure to Y131.69-132.24 where the bull channel base and 100-DMA (131.69) are
located. While Y132.98 supports immediate focus remains on 2017 highs.

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.