Free Trial

Risk Returns The risk-on tone........>

EURO-YEN TECHS
EURO-YEN TECHS: Risk Returns
The risk-on tone provided fresh appetite via JPY crosses. EURJPY cleared channel
top resistance with the uptrend extending through 123.35 as well as layered
resistance at the 123.60/70 area. Above here opens the 21-dma at 123.84, while a
break of 124 would suggest a bullish reversal. On the downside bears need a
close back under 123.00, before challenging the May 20 low at 122.54. Below here
returns the focus to the May 15 low & 61.8% retracement of the 2018 range at
122.08/07.

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.