Free Trial

Bulls Take Out 129 The pair.........>

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Take Out 129 
The pair benefited from Powell's speech yesterday allowing an upside break out
of the recent range. The 200-dma now comes into focus at 129.85 and a break
above here would suggest a recovery towards the Sep highs. Bears need a close
below 128 to resume the modest downtrend, opening the Oct 26 low at 126.64,
ahead of the Aug 15 low at 124.91. 

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.