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Free AccessKey Support Remains Intact
- RES 4: 163.72 High Nov 27
- RES 3: 162.25 High Nov 29
- RES 2: 161.86 High Jan 19 and the bull trigger
- RES 1: 160.97 High Jan 25
- PRICE: 161.08 @ 16:01 GMT Feb 9
- SUP 1: 158.92/08 Low Feb 7 / 1 and a key near-term support
- SUP 2: 157.21 Low Jan 9
- SUP 3: 156.08 Low Jan 4
- SUP 4: 155.08 Low Jan 2
EURJPY traded sharply higher Thursday. Key short-term support has been defined at 158.08, the Feb 1 low. A clear break of this level is required to resume bearish pressure and open 157.21, the Jan 9 low. This would highlight an extension of a corrective cycle. For bulls, a stronger reversal would refocus attention on 161.86, the Jan 19 high and bull trigger. Clearance of this level would reinstate the recent bullish theme.
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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.