Free Trial

Long Legged Doji EURJPY charted a....>

EURO-YEN TECHS
EURO-YEN TECHS: Long Legged Doji
EURJPY charted a long legged Doji pattern yesterday, a sign of indecision and
keeps the recent downtrend intact. Bears target a break of yesterday's low at
123.40, returning the focus to the 38.2% retracement level & Jan 4 low at
122.65/59. Bulls need to overcome the 125.00 level to stabilise the outlook,
opening the Jan 1 & Dec 31 highs at 126.14/44.

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.