Free Trial

Challenging 129 EURJPY has been......>

EURO-YEN TECHS
EURO-YEN TECHS: Challenging 129
EURJPY has been challenging the 129 level once again on Monday with support
around the 128.52 level, which represents the 38.2% retracement from
94.12-149.78. Bulls need to recover the 200-dma at 130.00 to shift the outlook
positive. Above here opens the Oct 10 high & 61.8% retracement level of
133.13-126.64 at 130.50/65. Bears look for a close below 127.50 to regain
control, targeting 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.