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Why MNI
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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 POLITICAL RISK - Trump Announces Raft Of Key Nominations
BRIEF: EU-Mercosur Deal In Final Negotiations - EC
MNI BRIEF: Limited Economic Impact Of French Crisis - EC
Bullish Focus *RES 4: 119.75 2.0%....>
EURO-YEN TECHS: Bullish Focus
*RES 4: 119.75 2.0% 10-dma envelope
*RES 3: 119.65 61.8% Fibonacci retracement Jan - May sell-off
*RES 2: 119.30 200-dma
*RES 1: 118.96 Intraday high
*PRICE: 118.74 @ 06:14 BST May 28
*SUP 1: 117.71 Low May 27
*SUP 2: 117.00 Low May 22 and key near-term support
*SUP 3: 116.85 High May 12
*SUP 4: 115.30/33 Low May 11 / Low May 14
The session started well, with EURJPY rallying to new recovery highs and topping
the 100-dma in the process. Markets, however, failed to sustain the rally, with
markets returning to neutral ahead of the close. Nonetheless, the rebound
reinforces a bullish outlook with the focus now turning to the 200-dma at 119.30
and Fibonacci resistance above at 119.65. Initial firm support has been defined
at Friday's 117.00 low, the outlook is bullish while this level holds.
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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.