Free Trial

Falling Wedge EURJPY remains.........>

EURO-YEN TECHS
EURO-YEN TECHS: Falling Wedge
EURJPY remains locked in the falling wedge chart pattern with a topside break of
122.80 needed for confirmation. This level also holds resistance from Monday's
high. Above here opens the 21-dma & May 23 high at 123.01/08. Bears need a close
back under 122 to reignite the downtrend, while a break of the May 29 low &
triangle base at 121.58/55, returns the focus to the 121.00 level.

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.