Free Trial

Recovery Meets Y135.48-Y135.80.......>

EURO-YEN TECHS: Recovery Meets Y135.48-Y135.80 Resistance Next
*RES 4: Y136.64/82 Jan 5 high, 1% volatility band
*RES 3: Y136.29/31 Jan 25, Jan 18 highs
*RES 2: Y135.80 76.4% Fibo of Y136.31-Y134.13
*RES 1: Y135.48/49 61.8% Y136.31-Y134.13, hourly high Jan 26
*PRICE: Y135.25 @0946GMT
*SUP 1: Y134.75/85 Hourly support
*SUP 2: Y134.33 Jan 29 low
*SUP 3: Y134.10/13 1% volatility band, Jan 30 low
*SUP 4: Y133.82/85 76.4% Y133.05-Y136.31, 6 mth support line
*COMMENTARY* The correction of the most recent Y133.05-Y136.31 rise has found
support from Y134.13, above the lower 1% volatility band and also the 6 month
rising support line at Y133.85. Meanwhile, the move back above Y134.80-Y135.02
has allowed some respite but rallies will likely require a move back through
Y135.49-Y135.80, before overall upside focus is regained. Meanwhile, interim
support comes from Y134.75-Y134.33.

To read the full story

Why Subscribe to


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.