Free Trial

Y105.50 Support Confirms...........>

DOLLAR-YEN TECHS: Y105.50 Support Confirms Significance
*RES 4: Y108.42 Low Feb 12 now resistance 
*RES 3: Y108.03 Low Feb 9 now resistance 
*RES 2: Y107.54 Hourly resistance Feb 14a 
*RES 1: Y106.91 Hourly resistance Feb 15
*PRICE: Y106.57 @ 2030GMT
*SUP 1: Y106.10 Low Feb 19 
*SUP 2: Y105.50 Monthly High Oct 2016 now support 
*SUP 3: Y101.15 Monthly Low Nov 9 2016 
*SUP 4: Y100.07 Monthly Lows Sept 22 & 27 2016
*COMMENTARY: The Y105.50 support confirm significance last week supporting on
fresh 2018 lows. Bears need a close below Y105.50 to add weight to the case for
a move back to Y99.08-101.15. Bulls look for a close above Y106.91 to gain
breathing room, above Y108.03 to hint at a correction back to Y110.47 and above
Y109.79 to confirm. O/S daily studies and Bollinger base (Y106.20) remain
concerns for bears.

To read the full story



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.