Free Trial

Feb 14 Highs Remain Intact.........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Feb 14 Highs Remain Intact
USDJPY was unable to break back above the 111.00 yesterday, with bulls needing a
break of the handle to bring the Feb 14 high & 200-dma into view at 111.13/31.
Above here opens the 111.35/45 area which registered a series of previous highs
through December. A downside break of the Feb 15 low & 50-dma at 110.26/00 would
shift the outlook bearish and bring the 109.50/55 level back into view which
holds the Feb 6 low & 61.8% fibo support.

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.