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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.
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Free AccessMNI INTERVIEW2: Poland To Push For EU Defence Fund
MNI PODCAST: FedSpeak: Ghamami Sees Higher R-Star On Deficits
Upside Focus Intact *RES 4: 122.16...>
EURO-YEN TECHS: Upside Focus Intact
*RES 4: 122.16 2.0% 10-dma envelope
*RES 3: 121.83 76.4% retracement Jan 16 - Feb 18 Decline
*RES 2: 121.42 2.0% Upper Bollinger Band
*RES 1: 121.40 High Feb 20
*PRICE: 120.25 @ 06:04 GMT Feb 25
*SUP 1: 119.90 Low Feb 24
*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
EURJPY sold off Monday. Despite this pullback, the cross maintains a bullish
tone. The 50-dma as a resistance gave way on an intraday basis Thursday. A close
above this average would further cement a bullish case. Last week's high of
121.40 marks the near-term bull trigger. A break would open 121.88 and 122.37
next, the Jan 23 and 21 highs respectively. On the downside, firm support is
seen at 119.54, an important near-term Fibonacci retracement.
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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.