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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
(Z18) Breaks Downtrend *RES 4: 150.62 -...>
JGB TECHS: (Z18) Breaks Downtrend
*RES 4: 150.62 - 100-DMA (Continuation chart)
*RES 3: 150.58 - High Aug 22
*RES 2: 150.45 - 50-DMA (Continuation chart)
*RES 1: 150.38 - 50% 151.00-149.75
*PRICE: 150.23 @ 16:43 GMT, Oct 15
*SUP 1: 149.75 - Spike Low Aug 2
*SUP 2: 149.65 - Spike Low Jul 7, 17 (Continuation chart)
*SUP 3: 149.38 - Spike Low Dec 2, 16 (Continuation chart)
*SUP 4: 149.28 - Spike Low Feb 3, 17 (Continuation chart)
The Monday session saw prices spill above the key short-term resistance at
150.22 and break above the downtrend line in place since July. This saw prices
print the best levels since mid-September, and bulls now eyes a recovery above
the 150.38 Fib level to cement upside. 149.95 remains the base for JGB futures
for now, which should continue to provide some modest support. A break below
149.95 would open the Aug 2 spike low at 149.75 and 149.65 below there.
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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.