Free Trial
STIR

Effective Fed Funds Rate

CORN TECHS

(N2) Primary Trend Remains Up

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
EURO-YEN TECHS
EURO-YEN TECHS: Immediate Pressure On Y131.74 Support
*RES 4: Y133.11 High Sept 29
*RES 3: Y132.88 High Oct 3
*RES 2: Y132.44 Hourly support Oct 5 now resistance
*RES 1: Y132.20 Hourly resistance Oct 6
*PRICE: Y132.06 @ 0430GMT
*SUP 1: Y131.74 Low Sept 26 
*SUP 2: Y130.86 55-DMA 
*SUP 3: Y130.59 Low Sept 15 
*SUP 4: Y130.40 200-WMA
*COMMENTARY: Pressure on the 21-DMA (Y132.39) and daily bull channel base took
its toll with a close below the 21-DMA seeing immediate pressure on the Y131.74
support. Bears need a close below to shift immediate focus to Y130.40-86 where
the 55-DMA & 200-WMA are noted. Layers of resistance accumulating are adding
weight to the bearish case. Bulls now look for a close above Y132.40 to gain
breathing room and above Y133.49 to shift focus back to Y134.25-41.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.