Free Trial

No Signs Of A Range Break Yet......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: No Signs Of A Range Break Yet
EURJPY remains stuck in its month-long range after holding rising trendline
support off the August lows to keep the outlook neutral. Bulls initially need a
close back above the psychological 129 level/the 50-dma at 1.2896, targeting the
100-dma at 129.23, ahead of the Nov 9 high & 200-dma at 129.65/75. Bears need a
close below 127.59 to open the Oct 26 low at 126.64.

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.