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GOLD

Will PCE See A Reaction?

FOREX

Risk-On Feel Remains

JGBS AUCTION

Japanese MOF sells Y4.9024tn 3-Month Bills:

IDR

Virus Continues To Spread In Jakarta

RBA

Upcoming Lowe Appearance Postponed

JGB TECHS
JGB TECHS: (H0): Going Nowhere
*RES 3: 153.55 - High Nov 28 and key resistance
*RES 2: 153.11 - High Dec 4
*RES 1: 152.62 - High Jan 6
*PRICE: 151.90 @ 16:28 GMT, Jan 16
*SUP 1: 151.62 - Contract lows, Dec 20
*SUP 2: 151.11 - 76.4% retracement of August 2018 - September 2019 Rally
*SUP 3: 150.52 - 1.0% lower 10-dma envelope
JGBs pressured the lower end of the 2020 range last week after an opening gap
higher was quickly reversed into the close. This leaves the outlook rather weak,
highlighting support at 151.62. A break of which could open 151.48 and 151.18,
the 0.764 and 1.00 Fibonacci projection levels of the decline between Dec 4 -
Dec 10 from the Dec 11 high. This all comes ahead of the 151.11 Fibonacci
retracement.