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MNI China Daily Summary: Friday, Nov 24

MNI BRIEF: Belt And Road To Promote Economic Integration

PBOC Injects Net CNY312 Bln Fri; Rates Unchanged

GERMANY NOV IFO CURRENT COND  89.4

MNI: GERMANY NOV IFO BUSINESS CLIMATE INDEX 87.3

UK Timeline of Key Events (All Times in GMT)

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

Bear Threat Still Present

EURJPY TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 160.00 Psychological handle
  • RES 3: 159.76 High Aug 30 and the bull trigger
  • RES 2: 158.65 High Sep 13
  • RES 1: 157.14 50-day EMA
  • PRICE: 156.29 @ 07:14 BST Oct 5
  • SUP 1: 154.46 Low Oct 3
  • SUP 2: 154.17 2.0% 10-dma envelope
  • SUP 3: 153.39 76.4% of the Jul 28 - Aug 30 bull run
  • SUP 4: 151.42 Late July Low and Bear Trigger

EURJPY traded sharply lower Tuesday and a short-term bear threat remains present. The cross has cleared support at the 50-day EMA and breached 156.59, the Sep 11 low. The break lower highlights a possible short-term reversal. Tuesday’s low of 1254.46 represents a key short-term support where a breach would signal scope for a deeper retracement. Initial resistance is seen at the 50-day EMA, at 157.14.

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  • RES 4: 160.00 Psychological handle
  • RES 3: 159.76 High Aug 30 and the bull trigger
  • RES 2: 158.65 High Sep 13
  • RES 1: 157.14 50-day EMA
  • PRICE: 156.29 @ 07:14 BST Oct 5
  • SUP 1: 154.46 Low Oct 3
  • SUP 2: 154.17 2.0% 10-dma envelope
  • SUP 3: 153.39 76.4% of the Jul 28 - Aug 30 bull run
  • SUP 4: 151.42 Late July Low and Bear Trigger

EURJPY traded sharply lower Tuesday and a short-term bear threat remains present. The cross has cleared support at the 50-day EMA and breached 156.59, the Sep 11 low. The break lower highlights a possible short-term reversal. Tuesday’s low of 1254.46 represents a key short-term support where a breach would signal scope for a deeper retracement. Initial resistance is seen at the 50-day EMA, at 157.14.