Free Trial

Clinging To 21-DMA Support.........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Clinging To 21-DMA Support
Yesterday's weakness managed to pierce the 113 level but found support at the
21-dma, which has seen bulls reclaim 113 at the time of writing. Bulls now need
to close back above 114 to target the Oct 4 & Nov 2017 highs at 114.55/73.
Failure to hold above the 21-dma would open 112.56 and 112.46. A break below
here would open the up trendline & 100-dma support at 111.29/21, raising the
prospect of a bearish reversal pattern.

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.