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(H2) Outright 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: 150.26 @ 17:10 GMT Feb 07
  • SUP 1: 150.11 - Low Feb 04
  • SUP 2: 149.90 - 0.5% 10-dma envelope
  • SUP 3: 149.65 - 61.8% Fib 2015 - 2020 Rally

JGB prices broke lower still Friday, 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 mid-2018. Losses through here will prompt bears to target the 150.00 handle and below. For markets to stabilise, prices need to regroup toward the 151 handle, and show above 151.09.

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