Trial now
US EURODLR FUTURES

EDZ1 Given

JGB TECHS

(U1) Tilted Higher

AUSSIE BONDS

Twist Flattening Overnight

US TSYS

Steady

AUSSIE 10-YEAR TECHS

(U1) Uptrend Weakening

(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: 151.92 @ 16:07 GMT Jan 21
  • SUP 1: 151.56 - Low Jan 12
  • SUP 2: 151.30 - Low Aug 28
  • SUP 3: 151.18 - Low June 2020

JGBs bounced further from multi-month lows of 151.56 earlier in the week and has stabilised since. This clearly shows The sell-off in late December continues to exert pressure on JGBs, with 151.68 now the 2021 low watermark. This reinforces the bearish threat, which firmed on the break of 151.81, the Dec 7 low and bear trigger. Clearance here opens 151.63 further out, the Nov 4 low. On the upside, key resistance has been defined at 152.18, Dec 14/23 high. A break would reinstate a bullish focus

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