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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 AccessSelling Pressure Dominating
- RES 4: 126.46 High Sep 10
- RES 3: 125.77 High Sep 15
- RES 2: 124.43 Low Sep 9 and recent breakout level
- RES 1: 123.94 Intraday high
- PRICE: 122.64 @ 10:47 BST Sep 21
- SUP 1: 122.42 2.0% 10-dma envelope
- SUP 2: 122.28 61.8% retracement of the Jun 22 - Sep 1 rally
- SUP 3: 121.82 Low Jul 15 and 16
- SUP 4: 121.47 Low Jul 14
EURJPY is under pressure as the cross extends last week's selling pressure. Price last week cleared key support at 124.43, Sep 9 low and traded through the 50-day EMA. The continued erosion of this average reinforces the current bearish threat with the focus on 122.28 next, the 61.8% retracement of the Jun 22 - Sep 1 rally. Initial key resistance is seen at 124.43, the recent break out level.
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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.