June 13, 2022 22:45 GMT
(U2) Cracks Support, Accelerates Losses
JGB TECHS
- RES 3: 151.13 - High Mar 3
- RES 2: 150.44 - High Mar 14
- RES 1: 150.14 - High Apr 1 and key resistance
- PRICE: 147.66 @ 15:47 BST Jun 13
- SUP 1: 147.59 - Low Jun 13
- SUP 2: 147.54 - 1.0% 10-dma envelope
- SUP 3: 147.38 - Low Sept 2015
JGBs cracked all nearby support on the way lower Monday, accelerating losses and putting prices at the lowest level in seven years. Vol band based support at 147.54 and 147.38 comes next. A corrective bounce looks likely at some point, but rallies will likely continue to fall short of the first major upside level at 150.14, Apr 1 high.
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