Free Trial

(H0): Strikes New 2020 Highs *RES 3:......>

JGB TECHS
JGB TECHS: (H0): Strikes New 2020 Highs
*RES 3: 153.55 - High Nov 28 and key resistance
*RES 2: 153.38 - 100-dma
*RES 1: 153.13 - High Jan 31
*PRICE: 153.09 @ 16:20 GMT, Jan 31
*SUP 1: 152.45 - 50-dma
*SUP 2: 151.62 - Contract lows, Dec 20
*SUP 3: 151.11 - 76.4% retracement of August 2018 - September 2019 Rally
Inline with other regional bond markets, JGBs hit a new 2020 high Friday,
extending the month's outperformance. A break and close above the 100- and
200-dmas layered just above would shift the outlook nicely bullish, but the risk
of a pullback still looms large at present levels. For bears to recapture any
momentum, a move back through the 50-dma would be needed, opening 151.62 and the
151.11 mark beyond.

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.