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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 AccessBelow Y110.83 Targets 2017 Low.....>
DOLLAR-YEN TECHS: Below Y110.83 Targets 2017 Low
*RES 4: Y113.74 High Dec 12
*RES 3: Y113.44 High Dec 22
*RES 2: Y113.13 Low Dec 26 now resistance
*RES 1: Y112.46 Low Dec 29 now resistance
*PRICE: Y112.33 @ 0220GMT
*SUP 1: Y111.98 Low Dec 6
*SUP 2: Y111.66 200-DMA
*SUP 3: Y111.35 Low Nov 29
*SUP 4: Y110.83 Monthly Low Nov 27
*COMMENTARY: The pair remains heavy having dipped towards the Y111.98 support
with the Y110.83-111.98 support region the current focus. Bears then need a
close below Y110.83 to target 2017 lows (Y107.31). Layers of resistance are
accumulating and daily studies are well placed for further losses. Bulls
continue to look for a close above Y113.13 to gain breathing room and hint at a
correction back to Y113.74-114.07.
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.