Free Trial

Y133.49 Resistance Confirms..........>

EURO-YEN TECHS
EURO-YEN TECHS: Y133.49 Resistance Confirms Significance
*RES 4: Y133.49 Hourly resistance Sept 25 & High Oct 12
*RES 3: Y133.27 Hourly resistance Oct 12
*RES 2: Y132.95 Hourly resistance Oct 13
*RES 1: Y132.72 Hourly support Oct 13
*PRICE: Y132.63 @ 0930GMT
*SUP 1: Y132.20 Hourly support Oct 13 
*SUP 2: Y131.97 Hourly support Oct 9
*SUP 3: Y131.74 Low Sept 26 
*SUP 4: Y131.13 55-DMA
*COMMENTARY: Y133.49 confirmed significance having capped Thursday with the
sell-off now seeing bears focused on Y131.74. Bears look for a close below this
level to pressure the 55-DMA (Y131.13). Bulls now need a close above Y132.95 to
gain breathing room and above Y133.49 to shift focus to Y134.25-59 where 2017
and monthly highs are situated. Narrowing Bollinger bands suggest a breakout in
the near future.

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.