Free Trial

BoJ Bounce *RES 3: 155.53 - Cycle High....>

JGB TECHS
JGB TECHS: BoJ Bounce
*RES 3: 155.53 - Cycle High
*RES 2: 155.40 - 2.0% Upper Bollinger Band
*RES 1: 155.26 - High Oct 8
*PRICE: 154.25 @ 15:36 GMT, Oct 31
*SUP 1: 153.62 - Low Sep 17
*SUP 2: 153.52 - 200-dma
*SUP 3: 153.49 - Low Aug 2
Early October highs are on the cards after the market staged a decent recovery
on the twin effects of the Bank of Japan and Federal Reserve decisions. This
gives bulls a far healthier outlook, with a break above the 155.00 handle now
needed to trigger the next leg higher. The 100-dma also chips in as near-term
resistance, currently sitting at 154.29. To the downside, this week's lows at
153.64 should provide decent support.

To read the full story

Close

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.