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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 AccessMNI China Daily Summary: Wednesday, December 11
BoJ Reports Spur Fresh Gains
- RES 4: 144.20 High Jul 7
- RES 3: 143.01 High Jul 10
- RES 2: 142.08 61.8% Fib for July Downleg
- RES 1: 141.40 High Jul 20
- PRICE: 141.30 @ 09:00 BST Jul 21
- SUP 1: 137.25 Low Jul 14
- SUP 2: 136.57 4.0% 10-dma envelope
- SUP 3: 136.31 Low May 17
- SUP 4: 135.53 61.8% retracement of the Mar 24 - Jun 30 bull leg
The pair adds to recent gains through the Friday open, with BoJ reports helping spur the pair higher. Prices topped the Jul 12 highs (US CPI day) to push well above the Y141.00 handle and further reverse the early July pullback. Prices have now cleared the 140.79 20-day EMA which could signal potential for further gains, bringing 142.08 into view, the 61.8% Fibonacci retracement for the early July downleg.
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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.