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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 AccessTrendline Support Holds
- RES 4: 110.97 High Mar 31 and the bull trigger
- RES 3: 110.55 High Apr 6
- RES 2: 109.96 High Apr 9
- RES 1: 109.23 50.0% retracement of the Mar 31 - Apr 23 sell-off
- PRICE: 108.85 @ 06:04 BST Apr 28
- SUP 1: 108.08/107.48 Low Apr 27 / Low Apr 23 and the bear trigger
- SUP 2: 106.97 Low Mar 4
- SUP 3: 106.78 50.0% retracement of the Jan - Mar rally
- SUP 4: 106.37 Low Mar 1
USDJPY traded below pivot support last week at 107.77, a trendline drawn off the Jan 6 low. This week's recovery though suggests the trendline has remained intact and a bullish theme appears to be developing. Price has traded above the 20-day EMA at 108.69 and further gains would open 109.96, Apr 9 high. On the downside, 107.48, Apr 23 low is key support. A break would resume the recent 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.