Free Trial

Comfortably Holding Above 125........>

EURO-YEN TECHS
EURO-YEN TECHS: Comfortably Holding Above 125
EURJPY cleared 125.00 in Asia with the recovery extending through 125.20. Bulls
topside focus remains on the 100-dma & 50% retracement of 126.81-124.09 at
125.44/45, with a break here needed to challenge the 126.00/05 area which has
proved hard to overcome. Bears need to take out the Apr 26 low & 124.00 level to
return the focus to the 50% retracement of the 2016 lows to the 2018 highs &
March lows at 123.72/66.

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.