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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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
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Corrective Cycle
- RES 4: 132.06 76.4% of the Mar 2018 - May 2020 downtrend
- RES 3: 131.58 High Oct 4 2018
- RES 2: 131.22 1.236 proj of the Jun - Sep - Oct 2020 price swing
- RES 1: 130.67 High Mar 18 and the bull trigger
- PRICE: 129.63 @ 06:17 GMT Mar 23
- SUP 1: 128.90 Low Mar 22
- SUP 2: 128.78 Low Mar 8 and key near-term support
- SUP 3: 128.19 Low Mar 2
- SUP 4: 128.13 50-day EMA
EURJPY maintains a bullish tone despite the recent pullback that is likely a correction. The cross yesterday traded below the 20-day EMA, a clear break would allow for a deeper pullback towards the 50-day EMA at 128.13. A trendline support drawn off the Oct 30, 2020 low intersects at 127.94. Key resistance and the bull trigger is at 130.67, Mar 18 high. A break would resume the underlying uptrend and open 131.22, a Fibonacci projection.
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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.