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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.
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Free AccessSix Weeks of Sideways We have now....>
EURO-YEN TECHS: Six Weeks of Sideways
We have now traded between 123.40-125.95 since Jan7. The failure to top the
50-dma Wednesday plays into bear's hands for now, keeping focus on downside
targets at Y124.18 and Y123.79. This will remain the case until bulls are able
to nudge the price back above Y125.58. Above there, bulls target the Feb 2 high
& down trendline resistance at 125.95/126.15. A recovery through here
strengthens the uptrend bringing the 128 area back into focus.
To read the full story
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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.