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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Y110.47-Y110.67 The Next...........>
DOLLAR-YEN TECHS: Y110.47-Y110.67 The Next Potential Bar To This Recovery
*RES 4: Y110.95/05 Aug 16, Aug 4 highs
*RES 3: Y110.67 Aug 31 high
*RES 2: Y110.47 1% volatility band
*RES 1: Y110.29 Sep 12 high
*PRICE: Y110.09 @0916GMT
*SUP 1: Y109.50/60 Hourly support
*SUP 2: Y109.24 Hourly base Sep 11
*SUP 3: Y108.62 Initial recovery high Sep 11, now support
*SUP 4: Y108.32 Hourly pullback low Sep 11
*COMMENTARY* The power of the 'Doji' candle close last Friday has now seen a
rally to Y110.29, just shy of the upper 1% volatility band, at Y110.47 by time
today, and the previous high of note, the Aug 31 peak at Y110.67. Currently
correcting some near term overbought conditions, Y109.60-Y109.50 the immediate
support, ahead of the more important Y109.24 level. Loss here would caution now
and suggest a deeper pullback of gains from Y107.32 is required.
To read the full story
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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.