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CHINA PRESS

PBOC May Boost Liqudity by Reverse Repos, MLFs: Times

JGBS

Futures Below Initial Tech Support

US EURODLR FUTURES

EDZ2 Lifted

FOREX

Mild Risk-On Feel Continues To Linger

JGBS

Heavy

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  • RES 4: 178.32 High Jan 27 (cont)
  • RES 3: 178.12 High Jan 27
  • RES 2: 177.69 1.764 proj of the May 19 - Jun 11 - Jun 22 price swing
  • RES 1: 177.61 High Aug 05
  • PRICE: 176.55 @ 16:04 BST Aug 11
  • SUP 1: 175.82/24 Low Jul 27 / Low Jul 22
  • SUP 2: 174.77/45 High Jul 8 / Low Jul 15
  • SUP 3: 173.79 50-day EMA
  • SUP 4: 173.70 Low Jul 13 and 14

The winning streak in Bund futures concluded Friday, with bond markets globally edging lower. This ends the winning streak of 8 consecutive sessions of higher highs, although the outlook holds bullish. Any return higher targets 177.69, a Fibonacci extension. Moving average conditions remain in bull mode, reinforcing the current positive trend structure. Any pullback would initially target the late July lows of 175.62/24.