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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Break Above Y132.06 Allows Chance....>
EURO-YEN TECHS: Break Above Y132.06 Allows Chance For Some Respite
*RES 4: Y133.06 Feb 21 high
*RES 3: Y132.78 Hourly recovery high Feb 21
*RES 2: Y132.55 76.4% Fibo of Y133.06-Y130.94
*RES 1: Y132.25 Hourly resistance
*PRICE: Y132.02 @0928GMT
*SUP 1: Y131.60/70 Hourly support
*SUP 2: Y131.24 Hourly congestion area Feb 23-26
*SUP 3: Y130.83/94 1% vol band, Feb 23 low
*SUP 4: Y130.51 1.618 swing of Y131.61-Y133.39
*COMMENTARY* Sank again on Friday, moving below the key Y131.17-Y131.04 support
area. Below then look toward the lower 1% volatility band at Y130.83 today, as
the last protection against a deeper Y130.51-Y130.26 fall. Meanwhile, the break
above Y132.06 allows a breather, some congested resistance now from between
Y132.25-Y132.78, the stumbling block to a recovery and retest to Y133.06. Near
term support now from Y131.60-Y131.24.
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.