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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 AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Shows Below Key Support *RES 4:......>
EURO-YEN TECHS: Shows Below Key Support
*RES 4: 121.83 76.4% retracement Jan 16 - Feb 18 Decline
*RES 3: 121.42 2.0% Upper Bollinger Band
*RES 2: 121.40 High Feb 20
*RES 1: 120.54 Intraday high
*PRICE: 119.79 @ 16:41 GMT Feb 25
*SUP 1: 119.41 Low Feb 25
*SUP 2: 119.54 50% of the Feb 19 range
*SUP 3: 118.47 Low Feb 18
*SUP 4: 118.00 3.0% Lower Bollinger Band
The cross showed below key support at the 119.54 mark Tuesday, keeping pressure
on the technical outlook. This keeps EURJPY softer and is extending the pullback
that has unfolded following the rejection off last week's high of 121.40. The
next key support is seen at 118.47, the Feb 18 low. Falls through here will
shift the outlook outright bearish. Gains above the Tuesday high of 120.54 are
required to relieve the bearish pressure.
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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.