Free Trial

Y107.47-108.10 Support Region......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y107.47-108.10 Support Region Key
*RES 4: Y108.96 21-DMA 
*RES 3: Y109.93 High Aug 23 
*RES 2: Y109.62 Hourly support Aug 23a now resistance 
*RES 1: Y109.31 Hourly support Aug 23 now resistance
*PRICE: Y109.18 @ 2030GMT
*SUP 1: Y108.61 Low Aug 18 
*SUP 2: Y108.10 2017 Low Apr 17 
*SUP 3: Y107.47 Monthly High July 21 now support 
*SUP 4: Y106.95 High Nov 10 now support
*COMMENTARY: The Y107.45-108.10 support remains key. Bears need a close below
Y108.10 to hint at a shift lower with below Y107.47 to confirm immediate focus
on Y106.95 and overall focus on Y99.08-101.16. The Y110.61 resistance remains
key with bulls needing a close above to confirm breaks of the 21-DMA and bear
channel top (Y110.10), returning focus to Y111.05-20 and above this region to
target the 200-DMA (Y112.56). Below Y108.61 adds weight to the bearish case.

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.