Free Trial

Stuck in The Range Global risk.......>

EURO-YEN TECHS
EURO-YEN TECHS: Stuck in The Range
Global risk appetite improved to 122.81 in early Europe, before traders were
quick to fade the move. EURJPY remains locked in narrow range trade with Bulls
looking to clear 123.00, before challenging the 21-dma & May 21 high at
123.42/74. Above here brings the 124 level back into view, with a break
suggesting a bullish reversal. Bears downside focus remains on Thursday's low at
122.15 ahead of the May 15 low at 122.08 and the 122.00 level. Further support
is located behind at 121.95 from the 50% retracement of the 2012 low-2014 high.

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.