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(H1) Stabilises

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: 151.83 @ 17:29 GMT Jan 19
  • SUP 1: 151.56 - Low Jan 12
  • SUP 2: 151.30 - Low Aug 28
  • SUP 3: 151.18 - Low June 2020

JGBs reopened poorly this, hitting new multi-month lows of 151.56, but have stabilised since. This clearly shows the sell-off in late December continuing to exert pressure and reinforces the bearish threat. Clearance of 151.56 opens 151.03 further out, the Aug 28 low. On the upside, key resistance has been defined at 152.18, Dec 14/23 high. A break would reinstate a bullish focus.

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