Free Trial

Y110.67-111.33 Resistance Key......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Y110.67-111.33 Resistance Key This Week
*RES 4: Y110.67 High Aug 31 
*RES 3: Y110.59 Bollinger band top 
*RES 2: Y110.48 High Sept 1 
*RES 1: Y109.93 High Sept 4
*PRICE: Y109.26 @ 0430GMT
*SUP 1: Y108.96 Hourly resistance Aug 29 now support 
*SUP 2: Y108.71 Bollinger band base 
*SUP 3: Y108.27 Low Aug 29 
*SUP 4: Y108.10 2017 Low Apr 17
*COMMENTARY: A volatile week saw the pair capped ahead of the Y111.05-33 region
where 55 & 100-DMAs are situated which retained bearish focus on tests of the
key Y107.47-108.10 region. The Y110.67-111.33 resistance region is seen as key
this week. Bulls need a close above Y111.33 to end bearish hopes and target
Y112.18-45 where the 200-DMA is situated. Bears look for a close below Y107.47
to shift immediate focus to Y106.95.

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.