Free Trial

Y112.30-113.06 Support Region......>

DOLLAR-YEN TECHS: Y112.30-113.06 Support Region Key
*RES 4: Y115.62 High Jan 19 
*RES 3: Y115.34 Falling LT weekly TL 
*RES 2: Y114.49 Monthly High July 11 
*RES 1: Y114.10 High Oct 23
*PRICE: Y113.66 @ 1930GMT
*SUP 1: Y113.25 Low Oct 24 
*SUP 2: Y113.06 Hourly support Oct 20a 
*SUP 3: Y112.74 Hourly resistance Oct 19 now support 
*SUP 4: Y112.30 Low Oct 19
*COMMENTARY: Bulls take comfort in support emerging ahead of Y112.30-113.06 with
pressure back on Y114.09-49. Bulls look for a close above Y114.49 to pressure
Y115.34-115.62 where further monthly highs are noted. The Bolli top (Y113.54)
remains the key concern for bulls and limits follow through. Bears continue to
look for a close below Y113.06 to ease immediate bullish pressure and below
Y112.30 to shift focus back to Y110.96-111.73 where key DMAs are noted.

To read the full story



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.