Free Trial

Extends Recovery Off Jul Low

DOLLAR-YEN TECHS
  • RES 4: 107.60 2.0% Upper Bollinger Band
  • RES 3: 107.23 100-DMA
  • RES 2: 107.01 Intraday High
  • RES 1: 106.85 50-dma
  • PRICE: 106.69 @ 04:34 BST Aug 13
  • SUP 1: 105.32 Low Aug 5
  • SUP 2: 103.09 Low Mar 12
  • SUP 3: 102.02 Low Mar 10
  • SUP 4: 101.19 Low Mar 9 and major support

The pair continues to build momentum, securing five consecutive sessions of higher highs and higher lows, opening the 100-dma at 107.26. A close above this level would be the first since July and would open 107.53. To the downside, 103.67 marks key support, the 76.4% retracement.

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.