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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.
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Free AccessMNI: PBOC Net Drains CNY288.1 Bln via OMO Friday
MNI BRIEF: Japan Oct Real Wages Unchanged Y/Y
(H3) Key Resistance Still Intact
- RES 4: 119.230 High Dec 15
- RES 3: 119.086 76.4% retracement of the Dec 7 - Jan 2 downleg
- RES 2: 118.880 High Jan 19 and the bull trigger
- RES 1: 117.797/118.670 50-day EMA / High Feb 2
- PRICE: 117.620 @ 05:14 GMT Feb 14
- SUP 1: 117.280/117.020 Low Feb 6 / Low Jan 30 and a key support
- SUP 2: 116.878 61.8% retracement of the Jan 2 - 19 bull run
- SUP 3: 116.730 Low Jan 5
- SUP 4: 116.405 76.4% retracement of the Jan 2 - 19 bull run
Bobl futures rallied sharply higher on Feb 2, however, price has since pulled back. Key short-term support to watch lies at 117.020, the Jan 30 low. A return below this price point would represent a bearish development and signal scope for a deeper short-term pullback. The key resistance zone to watch is at 118.670-880, the Feb 2 and Jan 19 highs respectively. A breach of this zone would confirm a resumption of the bull cycle that started Jan 2.
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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.