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Free AccessMNI ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
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Rally Still Facing.................>
DOLLAR-YEN TECHS: Rally Still Facing Y110.49-Y110.81 Resistance
*RES 4: Y111.25/40 1% volatility band, May 21 high
*RES 3: Y110.91 Jun 15 high
*RES 2: Y110.76/81 Jun 21 high, 1.618 swing Y110.49-Y109.97
*RES 1: Y110.49 Jun 27 high
*PRICE: Y110.40 @1552GMT
*SUP 1: Y109.90/97 Hourly support
*SUP 2: Y109.69 Jun 27 low
*SUP 3: Y109.37 Jun 25, Jun 26 lows
*SUP 4: Y109.18/20 61.8% of Y108.11-Y110.91, Jun 8 low
*COMMENTARY* The fallout since the Jun 15 high at Y110.91 found a base at
Y109.37 and has been trying to improve ever since. Still has resistance from
between Y110.49-Y110.81 to scale, before that Y110.91 comes into view again. In
the interim, support comes from between Y109.97-Y109.69 with only back below the
latter spoiling recent upward momentum and pressure back on Y109.37-Y109.18.
Directly through Y110.91 and Y111.25-Y111.40 bars the way to Y111.86.
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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.