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Free AccessPressure Back On Y112.95 *RES 4:...>
DOLLAR-YEN TECHS: Pressure Back On Y112.95
*RES 4: Y114.72 Hourly resistance Nov 6
*RES 3: Y114.42 Hourly resistance Nov 6a
*RES 2: Y114.07 High Nov 9
*RES 1: Y113.69 Hourly resistance Nov 9
*PRICE: Y113.31 @ 0250GMT
*SUP 1: Y112.95 Low Oct 31
*SUP 2: Y112.74 Hourly resistance Oct 19 now support
*SUP 3: Y112.30 Low Oct 19
*SUP 4: Y112.01 55-DMA
*COMMENTARY: Having supported bears take comfort in the close below the 21-DMA
(Y113.39) that sees pressure on Y112.95. Bears need a close below Y112.95 to
gain traction below the 21-DMA and shift focus to Y111.46-112.30 where key DMAs
are situated. Bulls now look for a close above Y114.07 to ease bearish pressure
and return focus to Y114.72 above which is needed to reconfirm a bullish bias
with above Y115.62 to shift focus to tests of 2017 highs.
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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.