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Free AccessClose Above Y133.14 To Target 2017...>
EURO-YEN TECHS: Close Above Y133.14 To Target 2017 High
*RES 4: Y134.59 Monthly High Dec 4 2015
*RES 3: Y134.50 2017 High Oct 25
*RES 2: Y133.50 Hourly support Oct 24
*RES 1: Y133.14 High Nov 2
*PRICE: Y132.65 @ 0530GMT
*SUP 1: Y132.12 Hourly resistance Oct 31 now support
*SUP 2: Y132.03 55-DMA
*SUP 3: Y131.77 Hourly support Oct 31a
*SUP 4: Y131.45 Low Oct 30
*COMMENTARY: Bears failed to gain traction below the 55-DMA (Y131.89) with the
bounce seeing focus return to Y133.14-133.50. Bulls need a close above Y133.14
to confirm an easing of bearish pressure and to shift immediate focus to
Y134.50-59, A close above Y134.59 potentially targets Y139.00-141.00. Bears need
a close below Y132.12 to ease bullish pressure and below Y131.45 to shift
immediate focus to Y130.59-60 and overall focus to Y127.50.
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.