Free Trial

Supported Ahead Of 100-DMA *RES 4:...>

EURO-YEN TECHS
EURO-YEN TECHS: Supported Ahead Of 100-DMA
*RES 4: Y137.58 High Aug 26 2015
*RES 3: Y137.22 High Feb 5
*RES 2: Y135.95 Hourly support Feb 1 now resistance
*RES 1: Y135.78 High Feb 6
*PRICE: Y135.51 @ 2030GMT
*SUP 1: Y134.51 Hourly support Feb 6 
*SUP 2: Y133.82 Low Jan 12 
*SUP 3: Y133.61 100-DMA 
*SUP 4: Y133.04 2018 Low Jan 11
*COMMENTARY: The lack of topside follow through after recent 2018 & 2+yr highs
has resulted in a correction back towards the Y133.60-134.35 region where the 55
& 100-DMAs and bull channel base are located. Bears look for a close below the
100-DMA to hint at a move back to the 200-DMA (Y130.62) with below Y133.04 to
confirm. Bulls now need a close above Y135.95 to ease pressure on key supports
and return focus to Y137.22-58 where 2018 highs are found.

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.