Free Trial

Y133.05-134.39 Resistance Region.....>

EURO-YEN TECHS
EURO-YEN TECHS: Y133.05-134.39 Resistance Region Key Overall
*RES 4: Y133.43 Hourly support Feb 13 now resistance
*RES 3: Y133.05 High Feb 21
*RES 2: Y132.78 Hourly resistance Feb 21
*RES 1: Y132.06 Hourly resistance Feb 22
*PRICE: Y131.55 @ 0530GMT
*SUP 1: Y131.27 2018 Low Feb 22 
*SUP 2: Y131.21 200-DMA 
*SUP 3: Y131.15 Monthly Low Nov 20 
*SUP 4: Y130.50 Low Sept 14
*COMMENTARY: Despite daily studies correcting from O/S adding support, bulls
failed to capitalise on Wednesday's gains with the pair again looking heavy
trading at 2018 & 3mth lows. The Y130.50-131.27 support region is now key. A
close below Y130.50 is needed to confirm a break of the 200-DMA and shift
initial focus to Y127.52-129.25. Bulls now need a close above Y133.05 to gain
breathing room and above the 55-DMA (Y134.35) to target 2018 highs (Y137.50).

To read the full story

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.