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Free AccessMNI BRIEF: Japan Q3 GDP To Be Slightly Revised Down
(H18) Fresh Fall Sees 159.57-159.44......>
BUND TECHS: (H18) Fresh Fall Sees 159.57-159.44 Support
*RES 4: 161.30/38 Congestion area Jan 10-11
*RES 3: 161.13/18 Jan 23 high, Jan 2 low
*RES 2: 160.75 Intraday high
*RES 1: 160.30/35 Hourly resistance
*PRICE: 160.09 @1625GMT
*SUP 1: 159.57 61.8% Fibo of 156.97-163.78
*SUP 2: 159.48 1.618 swing of 160.11-161.13
*SUP 3: 159.44 Equality fall from 162.04 to 163.78-161.18
*SUP 4: 158.95 1% volatility band
*COMMENTARY* Broke free of the recent 160.97-160.30 range on Tuesday but the
move above has faltered below the Jan 2 low at 161.18. Through here required
before the opportunity arises for a better correction of losses from the Jan 8
high at 162.04 initially and potentially from the Dec 11 peak at 163.78. In the
meantime, support from 160.30-160.00 has given way today, allowing a deeper
159.57-159.44 fall next.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.