Trial now
JPY

Cycle Highs In Sight For USD/JPY

AUD

Outlook Remains Bearish

JGB TECHS

(U1) Tilted Higher

AUSSIE BONDS

Local Risk Eyed

(H0) Top Yet to Be.............>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H0) Top Yet to Be Challenged
*RES 3: 98.8950 - High Dec 10 and 11
*RES 2: 98.8913 - 100-DMA
*RES 1: 98.8600 - High Jan 8
*PRICE: 98.8050 @ 16:21 GMT, Jan 15
*SUP 1: 98.5700 - Low Jan 2
*SUP 2: 98.5348 - 1.236 projection of Dec 5 - Dec 13 decline from Dec 18 high
*SUP 3: 98.4976 - 1.382 projection of Dec 5 - Dec 13 decline from Dec 18 high
The near-term top of 98.8600 printed last week remains in place as of Wednesday,
with the modest grind higher doing little to trouble bears just yet. This
continues to suggest the Wednesday high could mark a near-term top, prompting
bears to re-target the 98.5700 YTD low in the medium term should the 200-dma at
98.7239 give way. This bearish cycle has been in place since Nov 28. The focus
is on a move towards 98.5348 and 98.4976 next, both Fibonacci projection levels.