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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.
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Free Access200-WMA Supporting For Now *RES 4:...>
EURO-YEN TECHS: 200-WMA Supporting For Now
*RES 4: Y132.54 High Apr 30
*RES 3: Y131.66 21-DMA
*RES 2: Y131.19 Hourly support May 3 now resistance
*RES 1: Y130.75 High May 10
*PRICE: Y130.36 @ 2130GMT
*SUP 1: Y129.91 Hourly support May 9
*SUP 2: Y129.67 Hourly support May 9
*SUP 3: Y129.22 200-WMA
*SUP 4: Y128.94 2018 Low Mar 23
*COMMENTARY: Bulls take comfort in support around the 200-WMA when combined with
daily studies looking to correct from very O/S levels. Bears continue to look
for a close below 2018 lows to initially target the bear channel base around
Y125.87. Bulls now look for a close above Y130.75 to gain breathing room and
hint at a correction back to Y131.66-132.54 where the 21 & 200-DMAs are located
whereas bears need a close below Y129.91 to reconfirm control.
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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.