Free Trial

Uptrend Remains Intact For Now.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Uptrend Remains Intact For Now
Friday's losses have shifted the short-term picture neutral, albeit within the
broader bullish trend. Channel support on intraday charts comes in at 111.09,
and bears need a break below this level and the 55-DMA at110.67 to shift the
medium-term outlook bearish. On the upside, gains back above 111.86 are now
needed to refresh the bullish picture suggesting a retest of Wednesday's highs
at 112.15.

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.