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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.
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Rallies Within The Bull Channel......>
EURO-YEN TECHS: Rallies Within The Bull Channel
*RES 4: 123.36 High Jul 1
*RES 3: 123.29 Bull channel top drawn off the Sep 3 low
*RES 2: 122.80 1.382 projection of Sep 3 - Sep 13 rally from Oct 3 low
*RES 1: 122.58 Intraday high
*PRICE: 122.38 @ 06:39 GMT Dec 13
*SUP 1: 121.48 High Oct 21 and former breakout level
*SUP 2: 120.76 Low Dec 12
*SUP 3: 120.38 Low Dec 11
*SUP 4: 119.99 Low Dec 9
EURJPY has rallied sharply over the past 24-hrs and importantly has cleared the
former key resistance at 121.48, Oct 21 high. This has confirmed a resumption of
the uptrend that has been in place since early September setting the scene for a
climb towards the top of the bull channel at 123.29. The channel is drawn off
the Sep 3 low. Momentum studies remain firm reinforcing current bullish
conditions. Initial support lies at 121.48, the recent breakout level.
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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.