Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI Research
- About Us
EURO-YEN TECHS: Recovery Off Lows Extends
*RES 4: 123.36 Jul 1, 2019 high
*RES 3: 122.65 High Dec 13 and bull trigger
*RES 2: 122.50 High Dec 27
*RES 1: 122.02 High Jan 2
*PRICE: 121.55 @ 16:18 GMT Jan 9
*SUP 1: 120.51 Bull channel base drawn off the Sep 3 low
*SUP 2: 120.17 Low Jan 3, 8 and key support
*SUP 3: 119.99 Low Dec 9
*SUP 4: 119.58 Low Nov 25
EURJPY is firmer and has breached initial resistance at 121.45, Jan 7 high.
Note, key channel support continues to hold, despite a test below it in recent
sessions. The channel is drawn off the Sep 3 low and intersects at 120.51. The
recovery off recent intraday lows is encouraging for bulls and the break of
121.45 opens 122.02, high Jan 2. Clearance of this level would expose 121.68,
Dec 13 high and the key bull trigger. Key support is at 120.17.