Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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 ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
EURO-YEN TECHS: Recovery Stalls Below 76.4% Fibo Retrace Level
*RES 4: Y133.06 Feb 21 high
*RES 3: Y132.30/47 1% vol band, Mar 13 high, 38.2% Fibo
*RES 2: Y131.73/77 Mar 20 high, 76.4% Fibo of Y132.44-Y129.61
*RES 1: Y131.15/35 Hourly resistance
*PRICE: Y130.55 @1518GMT
*SUP 1: Y130.20/30 Intraday low, hourly support
*SUP 2: Y130.08 Hourly base Mar 16
*SUP 3: Y129.61 Mar 19 low
*SUP 4: Y129.35 Mar 5 low
*COMMENTARY* The recovery from Y129.61 has stalled just below the 76.4% Fibo
retrace level at Y131.77. Some near term overbought conditions putting an end to
the rise at Y131.73. Subsequent pullback has broken below Y130.35 support, loss
concerns but the Y130.08 level currently remains more pivotal to direction.
Below would swing bias back to the downside. Above Y131.77 and scope to increase
gains toward Y132.30-Y132.47, where equally important upside decisions are made.