Free Trial

Y134.15-79 Resistance Key Today......>

EURO-YEN TECHS
EURO-YEN TECHS: Y134.15-79 Resistance Key Today
*RES 4: Y135.09 Alternating hourly support/resistance
*RES 3: Y134.79 High Feb 8
*RES 2: Y134.48 55-DMA
*RES 1: Y134.15 Hourly resistance Feb 9
*PRICE: Y133.32 @ 0530GMT
*SUP 1: Y132.89 Low Feb 12 
*SUP 2: Y132.61 Hourly support Feb 9 
*SUP 3: Y131.96 2018 Low Feb 9 
*SUP 4: Y131.15 Monthly Low Nov 20
*COMMENTARY: The lack of follow through on last week's 2018 lows has seen
support start to emerge on dips with the pair flirting with the 100-DMA
(Y133.62). Bulls look for a close above Y134.15 to gain breathing room. A close
above Y134.79 is needed to hint at a shift higher in focus with above Y135.95 to
initially target 2018 highs (Y137.50). While Y134.79 caps immediate focus
remains on Y130.59-131.15 where monthly lows and 200-DMA are noted.

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.