Free Trial
NATURAL GAS

German Gas Supply Stable Despite Russian Cuts

CAD

USDCAD test MNI tech resistance

US EURODLR OPTIONS

Morning trades

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
EURO-YEN TECHS: Correction Or Reversal?
*RES 4: 121.88 High Jan 23
*RES 3: 121.40/50 High Feb 20 / 2.0% Upper Bollinger Band
*RES 2: 121.04 High Feb 27
*RES 1: 120.95 Intraday high
*PRICE: 119.81 @ 17:48 GMT Mar 3
*SUP 1: 118.07 Low Mar 2
*SUP 2: 117.80 3.0% Lower Bollinger Band
*SUP 3: 117.72 2.0% 10-dma envelope
*SUP 4: 117.52 76.4% Sep 2019 - Feb 2020 Rally
EURJPY bounced sharply higher Monday. It remains too early still to determine
whether the recovery is a reversal or a correction although, the directional
bias is in a more neutral state following the modest recovery. A break of 118.07
would open the early October lows at 117.08. Clearance of this support would
pave the way for weakness towards the 2019 low at 115.87. The next firm
resistance is 121.40, the Feb 20 high.

To read the full story

Why Subscribe to

MarketNews.com

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.