Free Trial

(H18) Above 151.01 To Initially Target....>

JGB TECHS
JGB TECHS: (H18) Above 151.01 To Initially Target 151.19-51 
*RES 4: 151.19 - Monthly High Nov 22
*RES 3: 151.06 - Bollinger band top
*RES 2: 151.01 - High Dec 18
*RES 1: 151.00 - 100-WMA
*PRICE: 150.97 @ 2030GMT
*SUP 1: 150.96 - Hourly support Feb 26 
*SUP 2: 150.85 - High Feb 21 now support 
*SUP 3: 150.76 - Low Feb 22 
*SUP 4: 150.68 - Alternating daily support/resistance
*COMMENTARY: Fresh 2018 and 2mth highs continue with bulls focused on 151.01. A
close above 151.01 is needed to shift focus to 151.19-51. Daily studies at O/B
levels is the key concern for bulls. In saying that, bears now need a close
below 150.96 to ease pressure on resistance layers and below 150.85 to shift
focus back to 150.51-68 where key DMAs are clustered. Below 150.51 is now needed
to return focus to 2018 lows (150.09).

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.