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Free AccessMNI ASIA OPEN: Focus on November Jobs Ahead Fed Blackout
MNI ASIA MARKETS ANALYSIS: Consolidation Ahead Nov Jobs Report
Bulls Need Close Above Y128.81.......>
EURO-YEN TECHS: Bulls Need Close Above Y128.81
*RES 4: Y129.65 Hourly support June 13 now resistance
*RES 3: Y129.26 Alternating hourly support/resistance
*RES 2: Y128.81 High June 25
*RES 1: Y128.54 Hourly resistance June 25
*PRICE: Y128.11 @ 0430GMT
*SUP 1: Y127.77 Low June 26
*SUP 2: Y127.50 Daily Bull channel base off 2018 low
*SUP 3: Y126.98 Low June 21
*SUP 4: Y126.63 Low June 19
*COMMENTARY: Bulls take comfort in support emerging on dips back towards the
bull channel base. In saying that, bulls continue to look for a close above
Y128.81 to gain breathing room and above Y129.65 to pressure the 55-DMA
(Y129.92) once again. Correcting O/S studies are a concern for bears who now
need a close below Y127.77 to retain focus on Y126.22 and the close below needed
to add weight to the case for a test of 2018 lows (Y124.61).
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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.