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(H2) Off Lows, But Still Bearish

JGB TECHS
  • 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: 150.14 @ 16:33 GMT Feb 18
  • SUP 1: 149.80 - Low Feb 17
  • SUP 2: 149.65 - 61.8% Fib 2015 - 2020 Rally
  • SUP 3: 149.49 - 0.5% 10-dma envelope

JGB prices printed lower lows again Thursday, retaining the bearish theme evident since the beginning of the year. This sees former support at the mid-January lows give way, opening levels not seen since mid-2018. Prices showed below the 150.00 handle, opening losses toward the key Fib of 149.65. For markets to stabilize, prices need to regroup toward the 151 handle, and show above 151.09.

Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets
Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets

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