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Japanese MOF sells Y2.0485tn 5-Year JGBs:


Brent Above $75/bbl


Little Changed


PREVIEW: 5-Year Supply Due

Consolidating Ahead Of..........>

EURO-STERLING TECHS: Consolidating Ahead Of Trendline Resistance
*RES 4: 0.8658 High Nov 7
*RES 3: 0.8605 High Nov 22
*RES 2: 0.8592 High Dec 23 and bull trigger
*RES 1: 0.8545/52 High Jan 6 / T-line resistance drawn off the Aug 12 high
*PRICE: 0.8491 @ 16:03 GMT Jan 10
*SUP 1: 0.8452 Low Dec 31 and near-term bear trigger
*SUP 2: 0.8356 Low Dec 17
*SUP 3: 0.8277 Low Dec 13 and key support
*SUP 4: 0.8213 1.500 projection of Aug 12 - Sep 20 sell-off from Oct 10 high
EURGBP is still consolidating. The cross maintains a net bullish tone for now
though following the recent strong bounce off the Dec 13 low. Price has also
recently traded close to a key resistance, currently at 0.8552 marking the
trendline drawn off the August high. A break if seen, would represent a key
bullish technical development and signal a trend reversal opening 0.8676
initially, the Oct 24 high. Support is 0.8452, a break would be bearish.