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(H3) Bounces Off Lows

JGB TECHS
  • RES 3: 151.13 - High Mar 3
  • RES 2: 149.75/150.81 - High Nov 11 / High Aug 5
  • RES 1: 147.64/148.79 Low Dec 6 / High Nov 16
  • PRICE: 146.18 @ 16:37 GMT Jan 18
  • SUP 1: 144.15 - Low Jan 13
  • SUP 2: 144.02 - 2.0% Lower Bollinger Band
  • SUP 3: 143.88 - 1.0% 10-dma envelope

JGBs bounced sharply Wednesday on the back of the unchanged BoJ rate decision. The rally puts prices well above recent lows, although the overarching downtrend remains intact for now. First resistance sits at 147.64 as well as 148.79, the Nov 16 high. Vol band support remains below at 144.02 and 143.88 below.

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