Free Trial

Caught Between DMAs Having lost......>

EURO-YEN TECHS: Caught Between DMAs
Having lost its grip on the 200-dma, EUR/JPY found support at the Y129.36
100-dma Tuesday, which held throughout the session. The short-term outlook has
turned bearish and a close below the 50- and 100-dmas would open the Sep 10 low
of 127.97. Bulls need to break back above 132.00 to return upside focus, before
targeting 133.00, a level which is growing in importance having failed to hold
at a closing basis in recent sessions.

To read the full story



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.