Free Trial

Y107.47 Support Remains Key *RES...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y107.47 Support Remains Key
*RES 4: Y109.93 High Sept 4 
*RES 3: Y109.55 Hourly resistance Sept 6 
*RES 2: Y108.97 Hourly resistance Sept 7a 
*RES 1: Y108.70 Hourly resistance Sept 7
*PRICE: Y108.39 @ 0210GMT
*SUP 1: Y108.05 Low Sept 7 
*SUP 2: Y107.47 Monthly High July 21 now support 
*SUP 3: Y106.95 High Nov 10 now support 
*SUP 4: Y104.90 Low Nov 10
*COMMENTARY: The recovery from Wednesday's low lacked topside follow through and
having remained capped ahead of Y109.55-93 has traded at fresh 2017 & 10mth
lows. Bears look for a close below Y107.47 to shift immediate focus to Y106.95
and overall focus to Y99.08-101.15. The Y109.93 resistance remains key. Bulls
look for a close above Y109.93 to ease bearish pressure and shift focus back to
Y110.67-111.33 where 55 (Y110.94) & 100 (Y111.17) DMAs are located.

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.