Free Trial

One Big Figure Range USDJPY..........>

EURO-YEN TECHS
EURO-YEN TECHS: One Big Figure Range
USDJPY continues to trade within a broad one big figure range with 128-129
containing EURJPY with the cross remaining attracted by the 128.52 Fibo level. A
close below 128 would resume the downtrend, opening the Oct 26 low at 126.64,
ahead of the Aug 15 low at 124.91. However, bulls look for a close above the 129
level, above which we see a plethora of moving averages quite close: the
100/50/200-dmas at 129.52/83/95.

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.