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Free AccessHolding Above Key Support
- RES 4: 125.56 2.0% 10-dma envelope
- RES 3: 125.49 0.618 projection of the May 6 - Jun 5 from Jun 22 low
- RES 2: 125.23 High May 1, 2019
- RES 1: 124.29/43 High Jul 22 / Jun 5 and key resistance
- PRICE: 123.26 @ 10:50 BST Jul 29
- SUP 1: 122.84 Low Jul 24 and key intraday support
- SUP 2: 122.47 Low Jul 21
- SUP 3: 122.43 20-day EMA
- SUP 4: 121.82 Low Jul 15 and 16
EURJPY continues to trade below resistance at 124.29, Jul 22 high and
primary resistance at 124.43, Jun 5 high. On Jul 24, the cross probed key
support at 123.06 before finding support at the day low of 122.84. A close
below 123.06 would signal a top and highlight the potential for a deeper
correction. For now, the current uptrend remains intact. Clearance of
124.43 would trigger an extension higher.
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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.