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Why MNI
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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 AccessPotential Upside Reversal EURJPY...>
EURO-YEN TECHS: Potential Upside Reversal
EURJPY has extended gains through the 128.00 level to 128.50 in early Asian
trading, with upside momentum building and pointing towards a potential bullish
reversal. The next resistance level is seen at 128.36/44 from the 38.2% fibo of
2012 low to 2014 high & the Oct 25 high. A break above here improves the
short-term outlook, targeting cloud base resistance at 129.02. Bears need a
close below 127.00, before turning attention toward Friday's low at 126.64,
ahead of the Aug 15 low at 124.91.
To read the full story
Sign up now for free trial access to this content.
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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.