Free Trial

Remains Vulnerable




Late SOFR/Eurodollar/Treasury Option Roundup

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

Correcting *RES 4: 123.44 Bull.......>

EURO-YEN TECHS: Correcting
*RES 4: 123.44 Bull channel top drawn off the Sep 3 low
*RES 3: 122.80 1.382 projection of Sep 3 - Sep 13 rally from Oct 3 low
*RES 2: 122.65 High Dec 13 and bull trigger
*RES 1: 122.46 High Dec 17
*PRICE: 121.57 @ 10:38 GMT Dec 20
*SUP 1: 121.42 Low Dec 19
*SUP 2: 121.02 High Dec 2
*SUP 3: 120.76 Low Dec 12
*SUP 4: 120.38 Low Dec 11
EURJPY is correcting however despite this a bullish outlook is maintained. The
cross recently cleared key resistance at 121.48, Oct 21 high. This confirmed a
resumption of the uptrend and opens the top of the bull channel at 123.54. The
channel is drawn off the Sep 3 low. Given last Friday's sell-off however, a
break of 122.65 is also required to reinforce current bullish conditions.
Support is at 121.42 ahead of 121.02.

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.