Free Trial

Overall Focus Remains On...........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Overall Focus Remains On Y98.95-101.16
*RES 4: Y108.03 Low Feb 9 now resistance 
*RES 3: Y107.76 21-DMA 
*RES 2: Y107.68 High Feb 27 
*RES 1: Y106.93 Hourly support Feb 28 now resistance
*PRICE: Y106.68 @ 0530GMT
*SUP 1: Y106.36 Low Feb 26 
*SUP 2: Y106.10 Low Feb 19 
*SUP 3: Y105.50 Monthly High Oct 2016 now support 
*SUP 4: Y101.15 Monthly Low Nov 9 2016
*COMMENTARY: Continued hesitation ahead of the key Y108.03-42 resistance region
has left the pair looking heavy. Bears continue to look for a close below
Y106.36 to add weight to the case for a retest of 2018 lows. A close below
Y105.50 remains needed to reconfirm focus on Y98.95-101.16. Resistance layers
are accumulating and weighing. Bulls need a close above Y108.42 to hint at a
correction to Y110.47 and above Y109.78 to confirm.

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.