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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
Supported Ahead of Bull Channel......>
EURO-YEN TECHS: Supported Ahead of Bull Channel Base
*RES 4: Y135.84 Low Oct 21 2015 now resistance
*RES 3: Y134.50 2017 High Oct 25
*RES 2: Y134.05 Hourly support Dec 1a now resistance
*RES 1: Y133.74 Hourly support Dec 1 now resistance
*PRICE: Y133.12 @ 2000GMT
*SUP 1: Y132.98 Hourly resistance Dec 7 now support
*SUP 2: Y132.58 Hourly support Dec 7
*SUP 3: Y132.24 Low Dec 6
*SUP 4: Y131.91 Daily Bull channel base (Aug 18 low)
*COMMENTARY: Bears failed to capitalise on a close below 21 & 55 (Y132.66) DMAs
with the pair bouncing from ahead of the bull channel base and 100-DMA
(Y131.65). Y30.59-131.91 support region is key. Bears need a close below Y131.21
to confirm breaks of the channel base & 100-DMA and below Y130.59 to shift
initial focus to Y129.36. The bounce sees bulls retain focus on 2017 highs with
a close above to shift overall focus to Y139.02-141.04 region last seen in 2015.
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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.