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Free AccessKey Support Remains Intact
- RES 4: 126.95 0.764 proj of May 6 - Jun 5 rally from Jun 22 low
- RES 3: 126.81 High Apr 17, 2019
- RES 2: 126.76 High Aug 13 and the bull trigger
- RES 1: 126.14 High Aug 26
- PRICE: 125.49 @ 16:48 BST Aug 26
- SUP 1: 124.92/44 Low Aug 25 / Low Aug 21
- SUP 2: 124.34 Low Aug 10/11 and key support
- SUP 3: 123.84 Low Jul 31
- SUP 4: 123.42 50-day EMA
EURJPY continues to trade above recent lows. The recent bounce leaves key support at 124.34, Aug 10 / 11 low and a pivot level, intact. A breach of this support would signal scope for a deeper corrective sell-off perhaps towards the 50-day EMA that intersects at 123.42. For bulls, with price holding above 124.34, further gains would suggest scope for a retest of the major resistance at 126.76, Aug 13 high.
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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.