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(H1) Still Range-Bound

JGB TECHS
  • RES 3: 152.55 - High Aug 5 (cont)
  • RES 2: 152.32 - 3.0% Upper Bollinger Band
  • RES 1: 152.27/29 - Nov 20 and bull trigger / High Sep 24
  • PRICE: 152.03 @ 15:58 GMT Dec 23
  • SUP 1: 151.81 - Low Dec 7
  • SUP 2: 151.63 - Low Nov 4
  • SUP 3: 151.30 - Low Aug 28

JGBs is holding onto recent gains and maintains a short-term bullish tone with a key support defined at 151.81, Dec 7 low. From a broader trend perspective, futures continue to trade within a broad range. The top is defined by resistance at 152.290, high Sep 24 while the base is defined by support at 151.63, low Nov 4. A range breakout is required to confirm the next directional move. Near-term attention is on 152.290.

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

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