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CHINA RATES

China Repo Rates Decline: Wind

CHINA PRESS

EU Should not Risk Invest Agreement: China Daily

JGB TECHS

(M1) Bullish Focus

AUSSIE 10-YEAR TECHS

(M1) New Multi-Month Highs

JGB TECHS
  • RES 3: 152.55 - High Aug 5 (cont)
  • RES 2: 152.28 - 3.0% Upper Bollinger Band
  • RES 1: 152.18 - High Dec 14 / 23 and the bull trigger
  • PRICE: 151.86 @ 15:46 GMT Jan 15
  • SUP 1: 151.68 - Low Jan 12
  • SUP 2: 151.63 - Low Nov 4
  • SUP 3: 151.30 - Low Aug 28

The sell-off in late December continues to exert pressure on JGBs, with 151.68 now the 2021 low watermark. This reinforces the bearish threat, which firmed on the break of 151.81, the Dec 7 low and bear trigger. Clearance here opens 151.63 further out, the Nov 4 low. On the upside, key resistance has been defined at 152.18, Dec 14/23 high. A break would reinstate a bullish focus.