Free Trial

(H0): Clears 2019 High *RES 3: 157.32 -...>

JGB TECHS
JGB TECHS: (H0): Clears 2019 High
*RES 3: 157.32 - 2.0% 10-dma envelope
*RES 2: 156.00 - Handle Resistance
*RES 1: 155.89 - High Mar 9
*PRICE: 154.56 @ 16:37 GMT, Mar 10
*SUP 1: 152.79 - 50-dma
*SUP 2: 151.62 - Contract lows, Dec 20
*SUP 3: 151.11 - 76.4% retracement of August 2018 - September 2019 Rally
JGBs followed the global bond market lower Tuesday, but near-term support lines
remain untested for now. The recent rally saw the mid-2019 highs taken out,
firming the outlook which still points higher. This keeps the over-arching theme
materially bullish, with momentum measures also pointed higher. Near-term
resistance sits at, initially, 155.89 ahead of the 2.0% 10-dma envelope at
157.32. The 200-dma switches to support at 153.55.

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.