Free Trial

Consolidating But Remains..........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Consolidating But Remains Bullish
*RES 4: 110.96 High May 6, 2019
*RES 3: 110.67 High May 21, 2019
*RES 2: 110.29 High Jan 17 and bull trigger
*RES 1: 110.13 High Feb 12
*PRICE: 109.87 @ 10:23 GMT Feb 17
*SUP 1: 109.53 Low Feb 7 and key intraday support
*SUP 2: 109.30 Low Feb 5
*SUP 3: 108.55 Low Jan 4
*SUP 4: 108.31 Low Jan 31
USDJPY consolidates. A bullish technical tone remains intact following the
recent rally off Jan 31 low and attention remains on 110.29, the Jan 17 high.
This level is also a near-term bull trigger. A break would reinforce bullish
conditions and pave the way for strength towards 110.67, the May 21 high. This
would also confirm a resumption of the broader uptrend that has been in place
since late August last year. Initial support lies at 109.53, Feb 7 low.

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.