Free Trial

(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

‌‌(H2)‌‌ Remains Vulnerable

  • RES 4: 129-31 Low Dec 8
  • RES 3: 129-11+ 50-day EMA
  • RES 2: 129.14 High Jan 5
  • RES 1: 128-16/27 20-day EMA / High Jan 13
  • PRICE: 127-31+ @ 16:32 GMT Jan 28
  • SUP 1: 127-06+/02 Low Jan 26 / Low Jan 19 and the bear trigger
  • SUP 2: 127-00+ Low Jul 31, 2019 (cont)
  • SUP 3: 126-23 Low Jul 17, 2019 (cont)
  • SUP 4: 126-10+ 61.8% retracement of the 2018 - 2020 bull cycle

Treasuries are just above the week’s lows into the Friday close and remain vulnerable with the broader downtrend intact. A bearish theme follows the recent break of support at 127-30, Jan 10 low. This maintains the price sequence of lower lows and lower highs and note that moving average studies are still in a bear mode. 127-02, Jan 19 low, is the trigger for a resumption of the downtrend. Key short-term resistance is at 128-27, Jan 13 high.

MNI London Bureau | +44 203-865-3809 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.