Free Trial

Risk Takes a Hit, Back Under.........>

EURO-YEN TECHS: Risk Takes a Hit, Back Under 123.00
Improved risk appetite extended the recovery to 123.40, before traders faded the
move. EURJPY dipped back under 123.00 and returns the downside focus to the May
9 low & channel base at 122.49/21. Below here opens the 61.8% retracement of the
2019 range at 122.07, ahead of the psychological 122.00 level. Bulls need to
clear the 123.60/70 area to stabilise the outlook, before challenging channel
top resistance at 123.88.

To read the full story



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.