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Free AccessRecovery Moves Back Toward Recent....>
EURO-YEN TECHS: Recovery Moves Back Toward Recent Range Highs
*RES 4: Y137.17 5 month rising resistance line
*RES 3: Y136.87 1% volatility band
*RES 2: Y136.64 Jan 5 high
*RES 1: Y136.29/31 Jan 25, Jan 18 highs
*PRICE: Y135.86 @1716GMT
*SUP 1: Y135.35/45 Hourly support
*SUP 2: Y135.12 Intraday hourly base
*SUP 3: Y134.75 Hourly pullback low Jan 30
*SUP 4: Y134.13/16 Jan 30 low, 1% volatility band
*COMMENTARY* The correction of the most recent Y133.05-Y136.31 rise found
support from Y134.13, above the lower 1% volatility band and also the 6 month
rising support line at Y133.85. Meanwhile, with today's move back above Y135.80
has almost completed a return to recent 136.29-136.31 range top. A high of
136.06 at the time of writing. Meanwhile, support comes from Y135.45-Y134.35,
with 135.12 currently more important below.
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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.