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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 AccessPossible Shooting Star
- RES 4: 139.41 High Jul 28
- RES 3: 138.33 20-day EMA
- RES 2: 136.87 Low Jul 8 and recent breakout level
- RES 1: 135.23 High Aug 2
- PRICE: 134.86 @ 16:51 BST Aug 2
- SUP 1: 133.93 Low May 19
- SUP 2: 132.66 Low May 12 and a key support
- SUP 3: 131.99 61.8% retracement of the Mar 7 - Jun 28 bull leg
- SUP 4: 1300.72 Low Mar 17
EURJPY initially traded lower Tuesday, but rallied into the close to largely erase the day’s losses. Markets watch for the possible formation of a shooting star pattern which, if confirmed, would work against the current bearish trend condition. Should weakness resume, this would reinforce the current bear cycle and has paved the way for a move towards 133.93 next, May 19 low, ahead of 132.66, the May 12 low. Initial firm resistance is seen at 136.87.
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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.