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SCHATZ TECHS

(U1) Clears Support

SNAPSHOT

Equity Markets Gain

ASIA RATES

BoK To Reduce 2-Year MSB Issuance

BOBL TECHS

(U1) Approaching Key Support

BUND TECHS

(U1) Holding Above Support

INDIA

Operation Switch Smaller Than Expected

CABLE TECHS
CABLE TECHS: Resistance Noted At 1.3118
*RES 4: 1.3338 High Dec 17
*RES 3: 1.3281/84 61.8% of the Dec 13 - Dec 23 decline / Dec 31 high
*RES 2: 1.3212 High Jul 7
*RES 1: 1.3118 High Jan 17
*PRICE: 1.3045 @ 16:39 GMT Jan 21
*SUP 1: 1.2955 Low Jan 14
*SUP 2: 1.2905 Low Dec 23 and key support
*SUP 3: 1.2824 Low Nov 22
*SUP 4: 1.2874 Trendline support drawn off the Sep 3 low
GBPUSD is firmer Tuesday. However despite recent gains, the near-term risk
remains skewed to the downside following the bearish theme that has unfolded
since Dec 31. A deeper retracement would open 1.2905, Dec 23 low and a key
support. The initial trigger for weakness is 1.2955, Jan 14 low. Note, trendline
support drawn off the Sep 3 low intersects at 1.2874 and marks a key level.
Price needs to trade above 1.3118, Jan 17 high to ease the bearish threat.