Free Trial

Precarious Trendline Support.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Precarious Trendline Support
USDJPY fell back to 112 yesterday before finding support at the up trendline at
111.95. Bears need to close below this level to push the cross lower and bring
the the 100-dma at 111.50 back into play. A break of this level raises the
prospect of a reversal pattern. To regain upward momentum, bulls need to break
above the 21-dma at 112.97 to target the YTD high at 114.55.

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.