Free Trial

Turning Bullish After Close Above....>

EURO-YEN TECHS
EURO-YEN TECHS: Turning Bullish After Close Above 125
After finally closing above 125 on Tuesday, the outlook for EURJPY has shifted
to bullish. Wednesday's trading range was incredibly tight but the Jan 1 & Dec
31 highs at 126.14/44 should provide resistance in coming sessions. Bears need
to move the cross back below 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

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.