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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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Resistance Remains Intact - For Now
- RES 4: 147.75 High Oct 31
- RES 3: 147.10 High Nov 9 2022
- RES 2: 146.73 High Dec 15
- RES 1: 144.45/145.80 High Apr 5 / 76.4% of Oct 21 - Jan 3 downleg
- PRICE: 142.95 @ 06:42 BST Apr 6
- SUP 1: 142.55 Intraday low
- SUP 2: 141.79 Low Mar 29 and a key support
- SUP 3: 141.05 Low Mar 28
- SUP 4: 140.41 Low Mar 27
EURJPY traded lower Wednesday and remains below its recent highs. The cross has recently pierced key resistance at 145.57, the Mar 2 high. A clear break of this level would strengthen bullish conditions and pave the way for gains above 146.00, towards 146.73, the Dec 15 high. Momentum studies remain in a bull-mode condition highlighting a likely uptrend. On the downside, the next support is seen at 141.79, the Mar 29 low.
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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.