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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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Correcting Lower
- RES 4: 125.79 76.4% retracement of the Sep - Oct Sell-Off
- RES 3: 125.13 High Nov 9 and the bull trigger
- RES 2: 124.68 High Nov 11
- RES 1: 124.44 High Nov 16
- PRICE: 123.47 @ 06:10 GMT Nov 18
- SUP 1: 123.36 Intraday low
- SUP 2: 122.69 Low Nov 9 and key near-term support
- SUP 3: 122.45 76.4% retracement of the Oct 30 - Nov 9 rally
- SUP 4: 122.21 Low Nov 5
EURJPY is in a corrective mode. The cross traded sharply higher on Nov 9 and maintains a near-term bullish structure. Price has also convincingly cleared resistance highlighted by the 20- and 50-day EMA levels. Furthermore, the bear channel resistance drawn off the Sep 1 high has also been cleared. This has opened 125.79, a Fibonacci retracement. Firm support is seen at 122.69, Sep 11 low. The bull trigger is 125.13.
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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.