Free Trial

Clinging on to the Uptrend.........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Clinging on to the Uptrend
USDJPY continues to cling to the 200-dma and flirt with the broken up trendline,
keeping the uptrend just about intact. Over recent days, resistance has been
found around the 21-dma which is now at 113.15. For the bull trend to
accelerate, we need to see a move to the 114 level before challenging the ytd
high at 114.55. Bears need to close below Tuesday's low of 112.31 and the
100-dma at 112.14, a break of which would shift the outlook negative. This would
open the Oct 26 low at 111.38.

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.