Free Trial

Targeting 127.15 The break below.....>

EURO-YEN TECHS
EURO-YEN TECHS: Targeting 127.15
The break below the key 55-DMA support level on Friday, which now sits at
129.17, has led to further chart damage and bulls will need to recovery this
level to shift the short-term outlook back to neutral. The EURJPY decline has
already extended below the previous recent low at 129.13, opening the way for
the developing downtrend to be extended towards 127.15 initially. The May 29
lows all the way down at 124.62 would come into play on a break below 127.15. 

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.