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Free AccessMNI BRIEF: Japan Q3 GDP To Be Slightly Revised Down
(U9) Hold onto gains *RES 4: 112.450...>
SCHATZ TECHS: (U9) Hold onto gains
*RES 4: 112.450 Range breakout projection
*RES 3: 112.430 Bull channel top drawn off the May 10 low
*RES 2: 112.345 Contract high July 3
*RES 1: 112.325 High Jul 18 and 19
*PRICE: 112.310 @ 03:05 GMT July 22
*SUP 1: 112.260 Low Jul 18
*SUP 2: 112.235 Low Jul 16
*SUP 3: 112.220/210 Low Jun 19 and 21 / Low Jul 10 and key support
*SUP 4: 112.183/160 Trendline support drawn off the May 10 low / Low Jun 18
U9 Schatz holds onto its gains from last week. The rebound in prices that began
off 112.210, the low of Jul 10 resulted in a break of 61.8% of the decline
between Jul 3-Jul 10, at 112.293. This marked an important near-term resistance
and the break reinforces the bullish theme opening the contract high of 112.345.
A break of 112.345 would confirm a resumption of the uptrend and a range
breakout, opening 112.450. Initial support lies at 112.260.
To read the full story
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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.