- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- Data
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Free Trial
March 10, 2023 20:17 GMT
COMMODITIES
Weaker Dollar Lifts Major Prices With Gold Through Key Resistance
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessTrending Top 5
Market News Topics
April 27, 2018 08:12 GMT
Y109.51-Y109.61 Still The Next.....>
DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y109.51-Y109.61 Still The Next Region Of Resistance
*RES 4: Y110.27 61.8% Fibo of Y113.75-Y104.63
*RES 3: Y109.79 Feb 8 high,
*RES 2: Y109.61 1.618 swing of Y109.20-Y108.54
*RES 1: Y109.51 1.618 projection target from Y105.66
*PRICE: Y109.31 @0812GMT
*SUP 1: Y108.75/85 Hourly support
*SUP 2: Y108.54 Apr 24 low
*SUP 3: Y108.13 Hourly base Apr 23
*SUP 4: Y107.78 Apr 13 high, now support
*COMMENTARY* Having capped the rally on Tuesday, the 50% Fibo retrace level at
Y109.19 relented under challenge on Wednesday. A sustained break will allow
Y109.51-Y109.61 next, a projection target from the Apr 2 base at Y105.66 and the
swing of the recent Y109.20-Y108.54 pullback. Meanwhile, nearest support rises
to Y108.85-Y108.75, loss will caution but eyes will likely be on the Apr 24 low
at Y108.54. Above Y109.61 and Y110.27-Y110.40 the next target range higher.
To read the full story
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Why Subscribe to
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok