Free Trial

Consolidates Above The 123 Level.....>

EURO-YEN TECHS: Consolidates Above The 123 Level
EURJPY consolidates above the 123 level amid the backdrop of improved risk
appetite. Bulls need to recover the 124 level to build on recent momentum,
before challenging the Aug 15 low & 76.4% retracement at 124.91/125.12. Below
124 keeps the outlook bearish with downside focus on the intraday low at 122.59,
ahead of the 38.2% retracement level at 121.72.

To read the full story



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.