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(H2) Breaking Lower

  • RES 3: 153.02 - High Apr 28 2020
  • RES 2: 152.62 - High Jul 21 and the bull trigger
  • RES 1: 152.26 - High Dec 06 and 21
  • PRICE: 150.67 @ 16:05 GMT Jan 31
  • SUP 1: 150.59 - Low Jan 31
  • SUP 2: 150.38 - Low Feb’21 (cont)
  • SUP 3: 149.65 - 61.8% Fib 2015 - 2020 Rally

JGB prices are breaking lower again, showing at fresh cycle lows for the H2 contract. This sees former support at the mid-January lows give way, opening levels not seen since February last year. Losses through here will prompt bears to target 150.38 and below. For markets to stabilise, prices need to regroup toward the 151 handle, and show above 151.09.

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