Free Trial

Challenging Key DMAs Improved......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Challenging Key DMAs
Improved risk appetite lifted USDJPY to 111.90, but again encountered strong
headwinds from down trendline resistance at the 112.00 level. The subsequent
reversal extended back through 111.40 and brings the key 100 & 200-dma's into
view. Below here opens channel base support & 38.2% retracement at 111.25/16.
Bulls need a break and close above 112.00 to re-ignite upside momentum and
challenge the ytd Mar 5 high at 112.14.

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.