Free Trial

(H18) Bears Need Close Below 150.71 ......>

JGB TECHS: (H18) Bears Need Close Below 150.71 
*RES 4: 151.02 - Monthly High Dec 4
*RES 3: 150.99 - 100-WMA
*RES 2: 150.98 - Daily Bear channel top
*RES 1: 150.84 - 2018 High Jan 4
*PRICE: 150.74 @ 2030GMT
*SUP 1: 150.71 - High Feb 15 now support 
*SUP 2: 150.62 - 100-DMA 
*SUP 3: 150.51 - Low Feb 15 
*SUP 4: 150.47 - Low Feb 13
*COMMENTARY: Hesitation around key DMAs came to an end with a rally and close
above DMAs that shifted bullish focus to 150.84-151.02 where the 100-WMA and
monthly highs are situated. Layers of support remain in place with bears needing
a close below 150.71 to gain breathing room and return initial focus to
150.47-51. Below 150.36 is needed to shift focus back to 150.09 2018 lows.

To read the full story



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.