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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: 151.74 @ 16:22 GMT Feb 1
  • SUP 1: 151.56 - Low Jan 12
  • SUP 2: 151.30 - Low Aug 28
  • SUP 3: 151.18 - Low June 2020

JGBs, while weaker, remain clear of the multi-month lows of 151.56 and remains largely stable. The sell-off in late December continues to exert pressure on JGBs, with 151.56 key support going forward. This reinforces the bearish threat, which firmed on the break of 151.81, the Dec 7 low and bear trigger. On the upside, key resistance has been defined at 152.18, Dec 14/23 high. A break would reinstate a bullish focus.