Free Trial

Y110.40-Y110.15 Next Supports......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y110.40-Y110.15 Next Supports After Y110.84 Loss 
*RES 4: Y111.70 Jan 12 high
*RES 3: Y111.40/45 Congestion area Jan 10-12
*RES 2: Y111.19 Intraday high
*RES 1: Y110.90/00 Hourly resistance
*PRICE: Y110.59 @1035GMT
*SUP 1: Y110.40 Hourly support
*SUP 2: Y110.15 61.8% Fibo of Y107.32-Y114.74
*SUP 3: Y109.88 2% volatility band
*SUP 4: Y109.79 Equality fall from Y113.69 to Y114.74-Y110.84
*COMMENTARY* Have broken below the Nov 27 low at Y110.84, some hourly support
from Y110.40 is now the protection against a further Y110.15 fall, where the
61.8% Fibo retrace of the Y107.32-Y114.74 rise is situated. Nearest resistance
as a consequence falls to Y110.90-Y111.00 but currently needs to clear
Y111.40-45 before any real respite can be anticipated. Below Y110.15 and look to
the lower 2% volatility band and equality fall target between Y109.88-Y109.79.

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.