Free Trial

PLNJPY Finds Support Slightly Above 100DMA

POLAND
  • USDPLN ticks lower this morning after finding resistance at 4.0310 (100DMA) yesterday; ST support to watch on the downside stands at 3.9620. On the topside, resistance to watch above 4.0310 stands at 4.0560.
  • EURPLN ticks lower this morning, currently trading slightly below the 4.55 level; ST support to watch on the downside stands at 4.5320 followed by 4.5080. On the topside, resistance to watch stands at 4.5610 (50DMA).
  • GBPPLN has been retracing slightly lower in the past two days after finding a local high at 4.5760 yesterday; ST support to watch on the downside stands at 5.4430 (100DMA), followed by 5.44. On the topside, resistance to watch above 4.5760 stands at 4.60.
  • CZKPLN ticks higher this morning after finding support at the 0.1850 level in the past two days; ST resistance to watch on the topside stands at 0.1866, followed by 0.1873. On the downside, support to watch below 0.1850 stands at 0.1836.
  • PLNHUF ticks higher this morning after finding support slightly below its 200DMA; ST resistance to watch on the topside stands at 78.82 (100DMA). On the downside, support to watch below 78.20 (200DMA) stands at 78.
  • PLNJPY has been retracing higher in the past two days after finding support slightly above its 100DMA (28.37); ST resistance to watch on the topside stands at 29. On the downside, support to watch below 28.37 stands at 28.16 (50% retracement of the 26.2340 – 30.0860 range).

Source: Bloomberg

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.