Free Trial

Focus Back On 200-WMA *RES 4:........>

EURO-YEN TECHS
EURO-YEN TECHS: Focus Back On 200-WMA
*RES 4: Y133.42 100-DMA
*RES 3: Y133.05 High Feb 21
*RES 2: Y132.18 High Feb 27
*RES 1: Y131.80 21-DMA
*PRICE: Y131.28 @ 0230GMT
*SUP 1: Y130.49 Low Mar 8 
*SUP 2: Y129.57 200-WMA 
*SUP 3: Y129.33 2018 Low Mar 5 
*SUP 4: Y128.68 55-WMA
*COMMENTARY: The failure to gain traction above the 200-DMA and the 21-DMA now
capping has resulted in a sell-off and sees immediate focus back on Y129.33-57
where 2018 lows and the 200-WMA are noted. Bears now look for a close below
Y129.33 to initially pressure the 55-WMA and reconfirm overall focus on
Y125.80-127.54, Bulls now need a close above Y132.18 to ease bearish pressure
and shift initial focus to Y133.05-134.16 where 55 & 100-DMAs are situated.

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.