Free Trial

Recent Range Guided By 1%............>

EURO-YEN TECHS
EURO-YEN TECHS: Recent Range Guided By 1% Volatility Bands
*RES 4: Y133.60/71 1% vol band, 76.4% of Y134.50-Y131.17
*RES 3: Y133.24 61.8% of Y134.50-Y131.17, Nov 24 high
*RES 2: Y132.90/00 Hourly lows/highs Nov 24-27
*RES 1: Y132.70 Hourly resistance
*PRICE: Y132.01 @1700GMT
*SUP 1: Y131.95 Hourly base Nov 24
*SUP 2: Y131.65 Congestion area Nov 21-23
*SUP 3: Y131.17/23 Nov 17, Nov 23 lows
*SUP 4: Y131.03 50% Fibo of Y127.56-Y134.50
*COMMENTARY* Has been trading within a range over the last month that has been
set by the parameters of the 1% volatility bands. The latest rise from above the
50% Fibo retrace level at Y131.03, now has resistance from Y132.70-Y133.00,
ahead of Friday's Y133.24 high and the upper band at Y133.60 by time today. The
subsequent fall back below Y132.20 now sees Y131.95-Y131.65 currently of more
consequence below.

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.