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MNI Asian Morning FI Technical Analysis 

2 February 2018
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (H18) 97.770-815 Support Region Key 
*RES 4: 97.903 - 55-DMA 
*RES 3: 97.902 - 100-DMA, Bollinger band top 
*RES 2: 97.855 - High Jan 10 
*RES 1: 97.840 - High Feb 1
*PRICE: 97.820 @ 2030GMT
*SUP 1: 97.815 - High Jan 31 now support 
*SUP 2: 97.770 - High Jan 24 now support 
*SUP 3: 97.705 - Low Jan 31 
*SUP 4: 97.690 - 2018 Low Jan 19
*COMMENTARY: The aggressive rally Wednesday eased immediate bearish pressure
with bulls gaining confidence on the close above 97.815. Bulls now look for a
close above 97.855 to confirm focus on 97.902-960 where 55 & 100-DMAs are
situated. Bears need a close below 97.815 to gain breathing room and below
97.770 to see focus return to the 97.690-705 support region. Above the 55-DMA is
needed to add support to the case for a test the 200-DMA (98.003).
     AUSSIE 10-YR TECHS: (H18) 97.2200 Resistance Remains Key 
*RES 4: 97.2200 - Hourly support Jan 17 now resistance
*RES 3: 97.2098 - 21-DMA
*RES 2: 97.2050 - High Jan 24
*RES 1: 97.1950 - High Jan 31
*PRICE: 97.1700 @ 2030GMT
*SUP 1: 97.1450 - Low Jan 31
*SUP 2: 97.1050 - 2018 Low Jan 22
*SUP 3: 97.0900 - Monthly Low Oct 3
*SUP 4: 97.0750 - Monthly Low Sept 21
*COMMENTARY: Hesitation ahead of recent 2018 lows is less than ideal given daily
studies correcting from O/S and sees pressure back on key resistance layers.
Bulls need a close above 97.2200 to confirm a break of the 21-DMA and shift
initial focus to 97.2800-4000 where the bear channel top and key DMAs are
located. Initial support is now seen at 97.1450 with bears needing a close below
to ease pressure on the 21-DMA and focus on 97.0750-0900.
     US 10-YR FUTURE TECHS: (H18) Bulls Need Close Above 121-31
*RES 4: 122-04+ Hourly support Jan 25 now resistance
*RES 3: 121-31 Low Jan 25 now resistance
*RES 2: 121-22 Hourly resistance Jan 31
*RES 1: 121-10+ Low Jan 31 now resistance
*PRICE: 121-05 @ 2030GMT
*SUP 1: 121-01+ Daily Bear channel base
*SUP 2: 120-25+ Low Apr 29 2011
*SUP 3: 119-24 Low Apr 21 2011
*SUP 4: 118-24 Low Apr 13 2011
*COMMENTARY: Fresh 2018 and 6+ year lows leave the contract looking offered and
pressuring the bear channel base. Bears look for a close below 120-25+ to shift
focus to the 117-29+/119-24 support region last seen in Apr 2011. O/S daily
studies remain the key concern for bears. Bulls now need a close above 121-22 to
gain breathing room and above 121-31 to hint at a correction back to 122-19+/20
where the 21-DMA is located.
     US 10-YR YIELD TECHS: Pressuring Bull Channel Top
*RES 4: 3.041 - 2014 High Jan 2 
*RES 3: 2.912 - High Jan 15 2014 
*RES 2: 2.821 - Monthly High Mar 7 2014 
*RES 1: 2.806 - Daily Bull channel top
*PRICE: 2.790 @ 2030GMT
*SUP 1: 2.754 - High Jan 31 now support 
*SUP 2: 2.696 - Low Jan 31 
*SUP 3: 2.676 - High Jan 25 now support 
*SUP 4: 2.654 - Hourly support Jan 26
*COMMENTARY: The 2.609 support provided the base for repeated 2018 & 3+ year
highs with immediate bullish focus on 2.806-912 and overall focus on 3.041 2014
highs. The Bollinger band top (2.784) and O/B studies remain concerns for bulls.
Layers of support are building with bears needing a close below 2.754 to gain
breathing room and below 2.654 to shift focus back to 2.571-609 where the 21-DMA
(2.598) is noted.
     JGB TECHS: (H18) 150.06 Support Remains Key 
*RES 4: 150.40 - 21-DMA
*RES 3: 150.38 - Hourly support Jan 26 now resistance
*RES 2: 150.28 - Hourly resistance Feb 1a
*RES 1: 150.21 - Hourly resistance Feb 1
*PRICE: 150.13 @ 2030GMT
*SUP 1: 150.12 - 2018 Low Jan 30 
*SUP 2: 150.08 - Monthly Low Oct 3 
*SUP 3: 150.06 - Low July 20 
*SUP 4: 149.92 - Low July 14
*COMMENTARY: The recovery from 2018 lows has remained capped ahead of the 21-DMA
with bulls needing a close above 150.46 to ease bearish pressure. Above the
200-DMA (150.62) is needed to hint at a shift higher in focus with above 150.84
to target 151.19 Nov highs. Bears focus on the close below 150.06 needed to add
weight to the case for a move targeting the 200-WMA (149.22).
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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