Free Trial

Initial Focus Returns to...........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Initial Focus Returns to Y113.75-114.07
*RES 4: Y114.61 LT TL off 2015 High 
*RES 3: Y114.07 High Nov 9 
*RES 2: Y113.74 High Dec 12 
*RES 1: Y113.30 Hourly resistance Dec 13a
*PRICE: Y112.99 @ 2000GMT
*SUP 1: Y112.85 55-DMA 
*SUP 2: Y112.33 21-DMA 
*SUP 3: Y111.98 Low Dec 6 
*SUP 4: Y111.60 200-DMA
*COMMENTARY: Follow through has been lacking on dips with the likely close above
the 55-DMA seeing bulls regain the upper hand and initial focus on
Y113.75-114.07. Bulls look for a close above Y114.72 to target Y115.62 and then
Y118.60 2017 highs. Bears need a close below the 55-DMA to ease bullish pressure
and return focus to Y110.83-111.98 where monthly lows, 100 & 200-DMAs are noted.
Bears look for a close below Y110.83 to target 2017 lows (Y107.31).

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.