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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.
USDJPY TECHS
- RES 4: 121.04 High Feb 2 2016
- RES 3: 120.00 Psychological round number
- RES 2: 119.90 Bull channel top drawn from the Jun 1 2021 high
- RES 1: 119.55 3.50 proj of the Feb 24 - Mar 3 - 4 price swing
- PRICE: 119.17 @ 17:11 GMT Mar 18
- SUP 1: 118.18 Low Mar 16
- SUP 2: 117.28/116.77 Low Mar 14 / 20-day EMA
- SUP 3: 116.35 High Jan 4
- SUP 4: 115.74 50-day EMA
USDJPY remains in an uptrend. Last week’s important technical break was the breach of resistance at 118.60/66, the Jan 3 ‘17 and Dec 15 ‘16 highs. This reinforced bullish conditions and the pair is approaching the psychological 120.00 handle. Initial support is at 118.18. Note too that the USD is also approaching the top of a bull channel, at 119.90, drawn from the Jun 1 2021 high - an important chart point and resistance.
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.
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