Free Trial

(H18) Above 200-DMA To Ease Bearish.......>

JGB TECHS
JGB TECHS: (H18) Above 200-DMA To Ease Bearish Pressure 
*RES 4: 150.84 - 2018 High Jan 4
*RES 3: 150.77 - 55-DMA, 100-DMA
*RES 2: 150.63 - 200-DMA
*RES 1: 150.55 - High Jan 12
*PRICE: 150.52 @ 2030GMT
*SUP 1: 150.30 - 2018 Low Jan 10 
*SUP 2: 150.19 - Low Oct 23 
*SUP 3: 150.08 - Monthly Low Oct 3 
*SUP 4: 150.06 - Low July 20
*COMMENTARY: Bulls take comfort in the recovery from fresh 3mth lows last week
but continue to look for a close above the 200-DMA to ease immediate bearish
pressure. A close above 150.84 is then needed to shift focus to 151.01-21, The
150.30 support is key this week. Bears need a close below this level to ease
pressure on the 200-DMA and reconfirm focus on 150.06-08.

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.