Free Trial
JGB TECHS

(M2) Correction Extends

US STOCKS

Late Session Rebound

AUSSIE 10-YEAR TECHS

(M2) Corrective Cycle Remains In Play

AUSSIE 3-YEAR TECHS

(M2) Gains Still Considered Corrective

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
EURO-YEN TECHS
EURO-YEN TECHS: Under Pressure Ahead Of Key Support
*RES 4: 118.04 50-day EMA
*RES 3: 117.78 High Apr 30 and bull trigger
*RES 2: 117.31 High May 4
*RES 1: 116.57 Intraday high
*PRICE: 115.51 @ 16:45 BST May 5
*SUP 1: 115.45/46 Low Apr 29/May 05 and key support
*SUP 2: 115.37 0.765 projection of Mar 25 - Apr 2 decline from Apr 7 high
*SUP 3: 115.00 Round number support
*SUP 4: 114.85 Low Apr 17, 2017
EURJPY is extending this week's sell-off as the Euro goes offered. The cross has
cleared an important intraday retracement level at 116.34, 61.8% of the Apr 29 -
30 rally. Furthermore, the move below 116.00 is important in that it essentially
negates that sharp rally on Apr 30. The key support coming up is at 115.45, Apr
29 low. A break would confirm a resumption of the broader downtrend and open
115.37, a Fibonacci projection and 115.00. Resistance is at 116.57.

To read the full story

Why Subscribe to

MarketNews.com

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.