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Market News Topics
September 13, 2017 04:14 GMT
Initial Focus On 2016 High *RES 4:...>
EURO-YEN TECHS
EURO-YEN TECHS: Initial Focus On 2016 High
*RES 4: Y132.80 High Dec 22 2016
*RES 3: Y132.25 2016 High Jan 29
*RES 2: Y132.20 Bollinger band top
*RES 1: Y132.01 2017 High Sept 13
*PRICE: Y131.84 @ 0430GMT
*SUP 1: Y131.49 Hourly resistance Sept 12 now support
*SUP 2: Y131.31 Alternating hourly support/resistance
*SUP 3: Y130.90 High Sept 11 now support
*SUP 4: Y130.63 Hourly support Sept 12
*COMMENTARY: The 55-DMA and bull channel base supporting provided the catalyst
for a move to fresh 2017 & 20mth highs and immediate bullish focus on 2016
highs. The Bollinger top is the key concern with potential to limit follow
through. Bears now look for a close below Y131.31 to ease bullish pressure and
below Y130.63 to shift immediate focus back to Y129.25-130.10. Below Y129.25
remains needed to end bullish hopes and shift initial focus to Y128.30.
To read the full story
Close
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.
Sign up now for free trial access to this content.
Please enter your details below.
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.
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