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(H2) Outright Bearish

  • 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: 150.03 @ 17:17 GMT Feb 10
  • SUP 1: 149.94 - Low Feb 10
  • SUP 2: 149.90 - 0.5% 10-dma envelope
  • SUP 3: 149.65 - 61.8% Fib 2015 - 2020 Rally

JGB prices printed lower lows 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.

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