Free Trial

Stuck in The Range EURJPY based......>

EURO-YEN TECHS
EURO-YEN TECHS: Stuck in The Range
EURJPY based ahead of the 123.00 level, before extending the recovery back
through 123.40. This shifts the near term outlook positive with bulls targeting
the 21-dma & May 21 high at 123.72/74. Above here brings the 124 level back into
view, with a break suggesting a bullish reversal. On the downside bears need to
clear 123.00 & trendline support at 122.86, 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.