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JGB TECHS

(M1) Bullish Focus

AUSSIE 10-YEAR TECHS

(M1) New Multi-Month Highs

USDCAD TECHS

Clearing Major Support

AUDUSD TECHS

Sizeable Resistance Building

EURJPY TECHS

Needle Still Points North

(H1) Testing Key Resistance

BOBL TECHS
  • RES 4: 135.440 High Dec 21
  • RES 3: 135.390 High Jan 4
  • RES 2: 135.371 61.8% retracement of the Dec 11 - Jan 12 downleg
  • RES 1: 135.350 High Jan 15 and intraday high
  • PRICE: 135.340 @ 05:11 GMT Jan 26
  • SUP 1: 135.245 50-day EMA
  • SUP 2: 135.120 Low Jan 25
  • SUP 3: 134.930 Low Jan 22
  • SUP 4: 134.840 Low Jan 12 and a bear trigger

BOBL futures rallied yesterday and have started the week on a strong note. This follows Friday's recovery from the day low of 134.970. The contract is testing resistance at 135.350, Jan 15 high. A clear break would reinforce a bullish theme and open 135.390, the Jan 4 high. On the downside, initial support is seen at 135.245, the 50-day EMA. Price however needs to move below yesterday's low of 135.120 to reinstate a bearish theme.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com