© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI China Daily Summary: Friday, May 26

(RPT)MNI: US Fiscal Trajectory Deviating From AAA peers-Fitch

(RPT)MNI INTERVIEW: Fed Needs Better QE Guardrails-Fed Adviser

Consumer Confidence Edges Down, Adds to Plateauing EZ Sentiment

MNI: ITALY MAY CONSUMER CONFIDENCE 105.1

MNI: ITALY MAY BUSINESS CONFIDENCE 108.7

MNI: Canada Resilient To US Debt Ceiling Clash- Freeland

MNI BRIEF: BOC Defends 2% Target, Senate Asks About Raising It

MNI INTERVIEW: Canada Budget Keeps BOC On Pause: Ex Official

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

Short-Term Recovery Extends

EURJPY TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 152.00 1.382 proj of the Mar 20 - 21 - Apr 6 price swing
  • RES 3: 151.61 High May 2 and the bull trigger
  • RES 2: 150.32 76.4% retracement of the May 2 - 11 bear leg
  • RES 1: 149.27 High May 8 and intraday high
  • PRICE: 148.99 @ 06:38 BST May 18
  • SUP 1: 147.85 20-day EMA
  • SUP 2: 146.34/13 50-day EMA / Low May 11
  • SUP 3: 145.67 High Mar 31
  • SUP 4: 145.07 2.0% 10-dma envelope

EURJPY traded higher Wednesday as the cross extended the bounce from 146.13, the May 11 low. Support at the 50-day EMA, which intersects at 146.34, remains intact. Attention is on 149.27, the May 8 high. A break of this hurdle would strengthen short-term bullish conditions and open 150.32, a Fibonacci retracement. On the downside, a clear break of the 50-day EMA is required to signal scope for a deeper pullback.

147 words

To read the full story

Why Subscribe to

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.
  • RES 4: 152.00 1.382 proj of the Mar 20 - 21 - Apr 6 price swing
  • RES 3: 151.61 High May 2 and the bull trigger
  • RES 2: 150.32 76.4% retracement of the May 2 - 11 bear leg
  • RES 1: 149.27 High May 8 and intraday high
  • PRICE: 148.99 @ 06:38 BST May 18
  • SUP 1: 147.85 20-day EMA
  • SUP 2: 146.34/13 50-day EMA / Low May 11
  • SUP 3: 145.67 High Mar 31
  • SUP 4: 145.07 2.0% 10-dma envelope

EURJPY traded higher Wednesday as the cross extended the bounce from 146.13, the May 11 low. Support at the 50-day EMA, which intersects at 146.34, remains intact. Attention is on 149.27, the May 8 high. A break of this hurdle would strengthen short-term bullish conditions and open 150.32, a Fibonacci retracement. On the downside, a clear break of the 50-day EMA is required to signal scope for a deeper pullback.