Free Trial

Approaching A Key Support Zone


Strong Rebound


Pullback Hits Pause

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
EURO-YEN TECHS: Confusion Still Reigns As Conflicting Signals Appear
*RES 4: Y132.30/47 1% vol band, 38.2% of Y137.51-Y129.35
*RES 3: Y132.19 Feb 27 high
*RES 2: Y131.98/02 Mar 8, Mar 6 highs
*RES 1: Y131.60/68 Hourly resistance
*PRICE: Y131.33 @1025GMT
*SUP 1: Y130.75/80 Hourly support
*SUP 2: Y130.52/53 Mar 8 low, Mar 2 high
*SUP 3: Y130.27 Initial rally high Mar 5, now support
*SUP 4: Y129.95/00 Congestion area Feb 28-Mar 5
*COMMENTARY* Monday's bullish 'outside day' resulted in a Y132.02 rise, before
meeting resistance from some overbought conditions. The subsequent lower close
has now seen the appearance of a potentially bearish 'Doji' candle at Tuesday's
close. The loss of Y130.93 support switched attention to the Y130.53 area for
next clues. Have to hold around here or risk returns lower. Meanwhile,
Y131.60-Y131.68 now provides resistance ahead of Y132.02 again.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.