Free Trial

Pressure Returns To................>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Pressure Returns To Y105.36-Y105.25 Support
*RES 4: Y106.96 2018 falling resistance line
*RES 3: Y106.74 76.4% Fibo of Y107.20-Y105.25
*RES 2: Y106.46/55 61.8% Y107.20-Y105.25, initial low Mar 1
*RES 1: Y106.26 Hourly recovery high Mar 6
*PRICE: Y106.04 @1618GMT
*SUP 1: Y105.60/70 Hourly support
*SUP 2: Y105.36/46 1% vol band, Mar 6 low
*SUP 3: Y105.25 Mar 2 low
*SUP 4: Y104.50 1.618 swing of Y105.25-Y106.46
*COMMENTARY* The recovery seemingly ran out of steam at Y106.46 on Tuesday and
has lost ground ever since. The congested Y105.50 area has since come under
assault, leaving the lower 1% volatility band, at Y105.36 today and last
Friday's Y105.25 low vulnerable below. As a result, resistance falls but likely
requires a move back above Y106.26 for any real respite. Lose Y105.25 and not
much currently evident until Y104.50-Y104.30.

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.