Free Trial

USDJPY test yesterday's low


(Z2) Heading South

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
BUND TECHS: (U17) Next Upside Targets Stretch Between 163.92-164.31
*RES 4: 164.49 1% volatility band
*RES 3: 164.31 76.4% Fibo of 165.55-160.31
*RES 2: 164.04 Jun 28 high
*RES 1: 163.92/99 1.618 swing 163.51-162.84, intraday high
*PRICE: 163.91 @1540GMT                                   
*SUP 1: 163.42 Aug 8 high, now support
*SUP 2: 163.25 Intraday low
*SUP 3: 163.03 Aug 8 low
*SUP 4: 162.84 Aug 7 low
*COMMENTARY* A fresh upside surge today, leaving both the previous 163.51 high
and the equality rise target at 163.73, in it's wake. Next upside objective
becomes the near term swing target at 163.92. Above and then minor resistance
from the Jun 28 high at 164.04 then stands in the way of a further 164.31 rise,
to test the 76.4% Fibo retrace level. As a consequence, nearest support rises to
163.42, with the intraday low at 163.25 backing it up below.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.