MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Finds Support At The 76.4% Retracement

EURJPY TECHS
  • RES 4: 134.32 3.0% Upper Bollinger Band
  • RES 3: 133.48/96 High Oct 20 and key resistance / 2.0% 10-dma env
  • RES 2: 133.15 High Feb 10 and key resistance
  • RES 1: 130.90/131.91 High Feb 21 / High Feb 16
  • PRICE: 130.25 @ 17:27 GMT Feb 22
  • SUP 1: 129.41/36 76.4% of the Jan 25 - Feb 10 rally / Intraday low
  • SUP 2: 129.19 Low Feb 3
  • SUP 3: 128.25 Low Jan 25 and a key short-term support
  • SUP 4: 127.52 Low Dec 20

EURJPY initially traded lower on Tuesday, before recovering into the close. This raises the importance of support at the 129.41 level, 76.4% of the Jan 25 - Feb 10 rally. An extension lower would leave the 129.00 handle exposed and open 128.25, the Jan 25 low. For bulls, a reversal higher would suggest the corrective pullback is over and a climb would refocus attention on resistance at 131.91, the Feb 16 high and the more important 133.15 hurdle, Feb 10 high.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

To read the full story

Close

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.