Free Trial

Y106.65-Y106.90 Provides Near......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y106.65-Y106.90 Provides Near Term Resistance
*RES 4: Y107.38 1% volatility band
*RES 3: Y107.28/30 76.4% of Y107.91-Y105.25, Mar 13 high
*RES 2: Y106.90 76.4% Fibo of Y107.30-Y105.60
*RES 1: Y106.65 61.8% Fibo of Y107.30-Y105.60
*PRICE: Y106.36 @0903GMT
*SUP 1: Y106.10/20 Hourly support
*SUP 2: Y105.79 Mar 15, Mar 19 lows
*SUP 3: Y105.60 Mar 16 low
*SUP 4: Y105.25 1% volatility band, Mar 2 low
*COMMENTARY* Y105.70 support was considered pivotal near term and was pressured
by last Friday's dip to Y105.60 before seeing a recovery. So far, this has
reached towards the 61.8% Fibo retrace level at Y106.65 as we recoup some of the
losses seen from the month's Y107.30 high. Will likely need to see a move above
the upper 1% volatility band, at Y107.38 today however, before any real upside
interest will develop. Support Y106.10-Y105.79 now protects that Y105.60 low.

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.