Free Trial

Impulsive climb: *RES 4: 119.98......>

EURO-YEN TECHS
EURO-YEN TECHS: Impulsive climb:
*RES 4: 119.98 Bear channel top drawn of the Apr 17 high and key resistance
*RES 3: 119.88 High Aug 6
*RES 2: 119.41/59 50-DMA / High Aug 13
*RES 1: 119.29 High Aug 14
*PRICE: 119.09 @ 03:44 GMT Sep 11
*SUP 1: 118.61 High Sep 5
*SUP 2: 117.73 Low Sep 9
*SUP 3: 117.28 Low Sep 5
*SUP 4: 115.87 Low Sep 3 and key support
EURJPY maintains a strong impulsive tone as the cross extends the recent rebound
off the Sep 3 low of 115.87. Momentum studies are firm and recent gains
highlight a bullish turn in shorter-term moving average studies. Further upside
is likely, the focus is on 119.59 and 119.88, Aug 13 and Aug 6 highs
respectively ahead of the bear channel top at 119.98. This is drawn off the Apr
17 high and represents a key resistance level. Support is at 117.73.

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.