Free Trial

Y107.29 Resistance Remains Key.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y107.29 Resistance Remains Key
*RES 4: Y108.03 Low Feb 9 now resistance 
*RES 3: Y107.52 Bollinger band top 
*RES 2: Y107.29 High Mar 13 
*RES 1: Y106.75 High Mar 14
*PRICE: Y106.02 @ 0530GMT
*SUP 1: Y105.79 Hourly support Mar 7 
*SUP 2: Y105.22 2018 Low Mar 2 
*SUP 3: Y101.15 Monthly Low Nov 9 2016 
*SUP 4: Y100.07 Monthly Lows Sept 22 & 27 2016
*COMMENTARY: Follow through was lacking on the break of the bear channel top off
2018 highs and Y107.19. The pair remains heavy with bears initially focused on
2018 lows with overall focus on Y98.95-101.15. Bolli bands narrow which hints at
a break out in the near future. Bulls continue to look for a close above Y107.29
to confirm a break of the bear channel top and shift initial focus to Y108.03-42
with above this region to hint at a move back to Y109.79-110.47.

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.