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Free Access(M18) Fresh Rally Has 122.65-122.77......>
GILT TECHS: (M18) Fresh Rally Has 122.65-122.77 Next In Mind
*RES 4: 123.45 76.4% Fibo of 124.73-119.29
*RES 3: 123.13 1% volatility band
*RES 2: 123.00 1.618 swing of 122.12-120.69
*RES 1: 122.77 1.618 swing of 122.26-121.44
*PRICE: 122.67 @0725GMT
*SUP 1: 122.12/26 Mar 16, Mar 22 highs, now support
*SUP 2: 121.70/75 Hourly congestion area Mar 23-26
*SUP 3: 121.44 Mar 23 low
*SUP 4: 121.14 Mar 19 low
*COMMENTARY* The consolidation pullback was held at 121.44 last Friday and since
then gains have gradually followed, resulting in a move above the previous
122.26 high at the open Wednesday. Next target of note is the 61.8% Fibo retrace
level at 122.65, any higher and the first of two swing targets resides at
122.77, the second at 123.00, just ahead of the upper 1% volatility band today.
As a result, support also on the move, 122.26-122.12 and then 121.75-121.70.
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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.