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Free AccessBullish Outlook
- RES 4: 129.47 1.00 proj of the Jun - Aug - Oct 2020 price swing
- RES 3: 129.26 High Dec 13, 2018
- RES 2: 128.59 High Dec 17, 2018
- RES 1: 128.46 Intraday high
- PRICE: 128.08 @ 06:38 GMT Feb 17
- SUP 1: 127.72 Low Feb 16
- SUP 2: 127.04 Low Dec 15
- SUP 3: 126.85 20-day EMA
- SUP 4: 126.10 Low Feb 4
The EURJPY outlook remains bullish. The cross continues to extend the week's rally - price cleared resistance at 127.49 Monday, the Jan 7 high to confirm a resumption of the broader uptrend that has been in place since early May 2020. With 128.00 breached too, attention shifts to 128.59, the Dec 17, 2018 high. Initial firm support lies at 126.98, Monday's low where a break would dent the current bullish theme.
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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.