Free Trial

No Change While 132.52-132.60........>

EURO-YEN TECHS
EURO-YEN TECHS: No Change While 132.52-132.60 Continues To Cap Rallies
*RES 4: Y133.80/86 Feb 12 high, 38.2% of Y137.51-Y131.61
*RES 3: Y133.39 Feb 14 high 
*RES 2: Y133.11 Feb 16 high 
*RES 1: Y132.52/60 Feb 15 low, hourly resistance
*PRICE: Y132.33 @0958GMT
*SUP 1: Y131.81 Feb 16 low
*SUP 2: Y131.61 Feb 14 low
*SUP 3: Y131.45 Hourly support
*SUP 4: Y131.17 Nov 17 low
*COMMENTARY* The lower 2% volatility band came under pressure last Wednesday. A
low of Y131.61, before the weight of some heavily oversold hourly conditions
came to the near term rescue. The subsequent lift faltered at Y133.39 and has
subsequently lost ground again since. Y132.52-Y132.60 and then Y133.11 now in
the way of a fresh attempt higher. Meanwhile, support from Y131.81 now protects
against a Y131.61-Y131.45 return and possibly a further Y131.17 fall.

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.