Free Trial

Bulls Still In The Driving Seat......>

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Still In The Driving Seat
*RES 4: 124.66 High May 3, 2019
*RES 3: 124.43 HIgh Jun 5 and key resistance
*RES 2: 124.21 2.0% 10-dma envelope
*RES 1: 123.22 76.4% of the Jun 5 - 22 downleg
*PRICE: 122.95 @ 18:28 BST Jul 21
*SUP 1: 121.82 Low Jul 15 and 16
*SUP 2: 121.47 Low Jul 14
*SUP 3: 120.70 Low Jul 13
*SUP 4: 120.26/27 Low Jul 1/10 and key support
EURJPY started the week on a firm note and maintained a positive tone Tuesday. A
bullish theme remains intact. Last week, the cross traded above resistance at
122.50, Jul 15 and 16 high. The break confirmed a resumption of the current
bullish cycle in place since Jun 22. Attention is on 123.22, 76.4% of the Jun 5
- 22 sell-off. Support has been defined at 121.82, 15/16 Jul low. Key trend
support does not arrive until 120.27, Jul 10 low.

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.