Free Trial

Focus Back on The Downside EURJPY....>

EURO-YEN TECHS
EURO-YEN TECHS: Focus Back on The Downside
EURJPY failed to clear 126.50 with the corrective pullback extending to 125.58
amid broad risk-off flow. Despite a minor recovery above 126.00, focus remains
to the downside with momentum indicators generating fresh bearish signals.
Initial support is placed at 125.29 from the Aug 16 low, a break below here
opens 124.91/124.62. Bulls need to clear 126.50 to stabilise the short-term
outlook.

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.