Free Trial

Comfortably Holding Above 130.00.....>

EURO-YEN TECHS
EURO-YEN TECHS: Comfortably Holding Above 130.00
Despite a minor pullback, EURJPY will look to make it eight consecutive up days
in a row following yesterday's break of the downtrend off Feb highs. Above 130,
bulls continue to claim the upper hand with key focus on the 200-dma at 131.33,
ahead of the July 17 high at 131.99. On the downside, bears need a close below
the 129.55/60 area to extend the corrective pullback to the 21-dma at 128.14.

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.