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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.
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Free AccessFailed Break Above 125? EURJPY.......>
EURO-YEN TECHS: Failed Break Above 125?
EURJPY touched Fed react highs of 125.47, but has since retraced back under 125
suggesting a failed break. Bulls need a positive close today, before challenging
yesterday's high. A break above here brings the YTD Jan 1 high into view at
126.14, ahead of the 50-dma at 126.30. Bears need a break back below 124,
returning the focus to the Jan 15 low at 123.40. Below here would open the 38.2%
retracement level & Jan 4 low at 122.65/59.
To read the full story
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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.