Free Trial

Finds Support

EURO-YEN TECHS
  • RES 4: 128.01 2.0% 10-dma envelope
  • RES 3: 127.50 High Mar 2019
  • RES 2: 126.81 High Apr 17, 2019
  • RES 1: 126.76 High Aug 13 and the bull trigger
  • PRICE: 125.66 @ 17:17 BST Aug 19
  • SUP 1: 125.34 Low Aug 12
  • SUP 2: 124.73 Low 20-day EMA
  • SUP 3: 124.34 Low Aug 10/11 and key support
  • SUP 4: 123.84 Low Jul 31

EURJPY managed Tuesday to find support at 125.34. Underlying trend signals continue to suggest the likelihood of further gains with moving averages pointing north and price maintaining the bullish sequence of higher highs and higher lows. The focus is on 126.76, Aug 13 high where a break would confirm a resumption of the uptrend and open 126.81 and 127.50, highs from Apr and Mar last year. Key support remains 124.34.

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.