Free Trial
US 10YR FUTURE TECHS

(Z2)‌‌ Pierces The 50-Day EMA

UK T-BILL AUCTION RESULTS

1/3/6-month UKTBs

LOOK AHEAD

Friday Data Calendar: UofM Sentiment

ISRAEL

President Asks Netanyahu To Form Gov't

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

Extends This Week’s Gains

EURJPY TECHS
  • RES 4: 130.29 High Feb 25
  • RES 3: 129.81 61.8% Retracement Feb - Mar Downleg
  • RES 2: 129.40 50-day EMA
  • RES 1: 128.87 High Mar 10
  • PRICE: 127.65 @ 17:52 GMT Mar 10
  • SUP 1: 126.01 Low Mar 9
  • SUP 2: 124.40/28 Low Mar 7 / 50.0% of the 2020 - 2021 bulls cycle
  • SUP 3: 123.45 1.618 proj of the Jan - Sep - Oct ‘21 price swing
  • SUP 4: 123.01 Low Nov 20 2020

This week's bounce in EURJPY remains intact. The cross traded firmer again Thursday and has tested the 50% retracement of the Feb - Mar downleg, at 128.77. Clearance of this resistance would suggest scope for a stronger recovery towards the 50-day EMA at 129.40. This week's gains are considered corrective however and trend signals such as moving averages, continue to highlight a downtrend. Monday’s low of 124.40 is the bear trigger.

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.