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Free AccessStuck In The Range EURJPY based......>
EURO-YEN TECHS: Stuck In The Range
EURJPY based ahead of 124.00 yesterday, before improved risk appetite through
Asia extended the recovery to 124.79. The cross remains stuck in its recent
range with topside focus on the 125.00 level, a break would suggest a bullish
reversal towards the Jan 1 & Dec 31 highs at 126.14/44. Bears need a break of
the Jan 15 low at 123.40 to return focus to the 38.2% retracement level & Jan 4
low at 122.65/59.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.