Free Trial

Y133.16 Break Opens Up...............>

EURO-YEN TECHS
EURO-YEN TECHS: Y133.16 Break Opens Up Y133.63-Y133.79 Potential
*RES 4: Y134.41 61.8% Fibo of Y149.80-Y109.51
*RES 3: Y133.79 2% vol band, 1.618 swing of Y131.41-Y127.56
*RES 2: Y133.63 76.4% Fibo of Y141.08-Y109.51
*RES 1: Y133.43 Intraday high
*PRICE: Y133.30 @1529GMT
*SUP 1: Y132.63 Intraday low
*SUP 2: Y132.28 Hourly base Sep 15
*SUP 3: Y132.02 Sep 12 high, now support
*SUP 4: Y131.55/60 Hourly congestion area Sep 13-14
*COMMENTARY* Has now broken clearly through former hourly resistance at Y132.90,
and also the first of two swing targets at the higher Y133.16 level. Through
here and the 76.4% Fibo retrace level at Y133.63 then bars the way to the 2%
volatility band and the second swing target at Y133.79. Meanwhile, support seen
from the day's 132.63 low and then more significantly from between Friday's
hourly base at Y133.28 and the Sep 12 high at Y132.02

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.