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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

(H1) Stabilises

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: 151.96 @ 18:19 GMT Jan 27
  • SUP 1: 151.56 - Low Jan 12
  • SUP 2: 151.30 - Low Aug 28
  • SUP 3: 151.18 - Low June 2020

JGBs bounced further from multi-month lows of 151.56 early last week and has stabilised since. This clearly shows 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.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com