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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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Approaching The Bear Trigger
- RES 4: 132.88 High Jun 17
- RES 3: 132.70 High Jun 23
- RES 2: 132.43 High Jul 1 and a key resistance
- RES 1: 131.04/86 High Jul 7 / High Jul 6
- PRICE: 130.11 @ 06:36 BST Jul 8
- SUP 1: 130.04 Low Jun 21 and the bear trigger
- SUP 2: 129.35 38.2% retracement of the Oct 2020 - May 2021 rally
- SUP 3: 128.83 Low Mar 29
- SUP 4: 128.29 Low Mar 24 and key support
EURJPY is weaker again today and continues to pull away from recent highs. A bearish theme dominates and attention is on the key short-term support at 130.04, Jun 21 low. A bearish theme follows the break on Jun 17 of a bull channel base drawn off the Oct 30 2020 low. Clearance of 130.04 would reinforce this bear theme and confirm a resumption of the downtrend that started Jun 1 and open 129.35, a Fibonacci retracement.
To read the full story
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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.