Free Trial

Fall Continues, 2% Volatility Band...>

EURO-YEN TECHS
EURO-YEN TECHS: Fall Continues, 2% Volatility Band Under Assault
*RES 4: Y128.88/06 May 24 high, recovery high May 23
*RES 3: Y128.53/54 May 25, intraday highs
*RES 2: Y128.16 Intraday hourly recovery high 
*RES 1: Y127.60/70 Hourly resistance
*PRICE: Y127.06 @1343GMT
*SUP 1: Y126.95 2% volatility band
*SUP 2: Y126.29 1.618 swing of Y129.15-Y128.54
*SUP 3: Y126.18 50% Fibo of Y114.85-Y137.51
*SUP 4: Y125.81/82 May 2017 highs, now support
*COMMENTARY* Failed between Y131.36-Y131.38 resistance last week and
subsequently paid the price. The resultant fall has lost support from the 2 year
bull channel base and also the key Y129.23-Y128.85 area. Today Y127.15-Y127.12
support has also gone, the 2% volatility band at Y126.95 now providing the
protection against a deeper Y126.29-Y126.18 fall. Resistance Y127.60-Y127.70 and
then Y128.16 above.

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.