Free Trial

False Break Above 125? Despite.......>

EURO-YEN TECHS
EURO-YEN TECHS: False Break Above 125?
Despite briefly taking out the 125 level on Friday the pair failed to close
above here and has edged back towards the middle of its recent range. Bears now
have the opportunity to target the Jan 15 low at 123.40 to return focus to the
38.2% retracement level & Jan 4 low at 122.65/59. Bulls need to close above 125
to suggest a bullish reversal, opening a move towards the Jan 1 & Dec 31 highs
at 126.14/44. 

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.