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Free AccessExtending downtrend: *RES 4:.........>
EURO-YEN TECHS: Extending downtrend:
*RES 4: 120.05 Low Jul 25
*RES 3: 119.88 High Aug 06
*RES 2: 119.59 High Aug 13 and key resistance
*RES 1: 118.98 High Aug 15
*PRICE: 117.43 @ 16:40 GMT Aug 23
*SUP 1: 117.26 Low Aug 23
*SUP 2: 117.00 Psychological support and channel base drawn off the Apr 17 high
*SUP 3: 116.47 Low Apr 21 2017
*SUP 4: 114.85 Low Apr 17 2017
EURJPY has pushed lower through the bottom end of the recent trading range to
extend the downtrend slightly lower. The focus is now on 117.00 ahead of 116.47,
the low of Apr 21, 2017. On the upside, clearance of 119.59, the Aug 13 high is
required to attract bullish interest and open the Aug 6 high of 119.88 and the
psychological 120.00 level, and 120.05.
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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.