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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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Free AccessMNI US MARKETS ANALYSIS - Curve Steeper Ahead of JOLTS
MNI US OPEN - Censure Motion Against France Gov't Due Today
Insufficient Recovery *RES 4:........>
EURO-YEN TECHS: Insufficient Recovery
*RES 4: 122.37 High Jan 21
*RES 3: 121.83 76.4% retracement Jan 16 - Feb 18 Decline
*RES 2: 121.40 High Feb 20 / 2.0% Upper Bollinger Band
*RES 1: 120.54 High Feb 5
*PRICE: 120.15 @ 16:58 GMT Feb 26
*SUP 1: 119.41 Low Feb 25
*SUP 2: 119.16 76.4% retracement of the Feb 18 - Feb 20 rally
*SUP 3: 118.47 Low Feb 18 and key support
*SUP 4: 117.99 3.0% Lower Bollinger Band
EURJPY traded below key support at the 119.54 mark Tuesday but did find support
at the low. The near-term outlook remains bearish following the retracement that
has unfolded off last week's high of 121.40. The next key support to watch is at
119.16, a Fibonacci retracement, ahead of the key 118.47 level, Feb 18 low. A
break of the latter would shift the outlook outright bearish. Gains above
Tuesday's high of 120.54 are required to relieve the bearish pressure.
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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.