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(H1) No Bottom Yet

JGB TECHS
  • RES 3: 152.55 - High Aug 5 (cont)
  • RES 2: 152.28 - 3.0% Upper Bollinger Band
  • RES 1: 152.18 - High Dec 14 / 23 and the bull trigger
  • PRICE: 150.65 @ 16:51 GMT Feb 25
  • SUP 1: 150.59 - Low Feb 25
  • SUP 2: 150.47 - Low Nov 1 2018
  • SUP 3: 150.46 - 3.0% Lower Bollinger Band

JGBs showed below the early 2020 lows Thursday, with prices hitting 150.59 and showing no signs of bottom yet. This cements the underlying downtrend, opening levels not seen since 2018. Further losses are seen as likely, with 150.47 the next historical support. On the upside, key resistance has been defined at 152.18, Dec 14/23 high.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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