Free Trial

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

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Still In The Driving Seat
*RES 4: 125.23 High May 1, 2019
*RES 3: 124.66 High May 3, 2019
*RES 2: 124.43 HIgh Jun 5 and key resistance
*RES 1: 124.21 2.0% 10-dma envelope
*PRICE: 123.49 @ 10:48 BST Jul 22
*SUP 1: 122.47 Low Jul 21
*SUP 2: 121.82 Low Jul 15 and 16
*SUP 3: 121.62 20-day EMA
*SUP 4: 120.70 Low Jul 13
EURJPY started the week on a firm note and maintains this positive tone as the
cross trades higher. A bullish theme remains intact. Last week, the cross traded
above resistance at 122.50, Jul 15 and 16 high. The move higher confirmed a
resumption of the current bullish cycle in place since Jun 22. Attention is on
the 124.00 handle next ahead of key resistance at 124.43, Jun 5 high. Support
lies at 122.47, Jul 21 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.