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Free AccessTrades Through Support: *RES 4:......>
EURO-YEN TECHS: Trades Through Support:
*RES 4: 120.33 100-dma
*RES 3: 120.01 High Sep 13 and the bull trigger
*RES 2: 119.00 Channel resistance drawn off Apr 17 high
*RES 1: 118.47 High Sep 27
*PRICE: 117.39 @ 16:07 GMT Oct 2
*SUP 1: 117.28 Low Sep 5
*SUP 2: 116.85 76.4% retracement Sep3 - Sep13 rally
*SUP 3: 116.13 Low Sep 4
*SUP 4: 115.87 Low Sep 3 and M/T bear trigger
EURJPY has resumed its bearish pressure breaching former support at 117.45, Sep
27 low and 61.8% of Sep 3 - Sep 13 rally. A continued push lower would further
reinforce the bearish significance of the recent failure at the channel top
drawn off Apr 17 high. Sights are now set on the 116.85, 76.4% retracement. On
the upside, resistance is located at 118.47. A break of the channel top at
119.00 and of resistance at 120.01 is still the requirement for a reversal.
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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.