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(H3) Extends Bounce Off Lows

  • RES 3: 151.13 - High Mar 3
  • RES 2: 149.75/150.81 - High Nov 11 / High Aug 5
  • RES 1: 147.74/148.79 Low Jan 23 / High Nov 16
  • PRICE: 147.40 @ 16:10 GMT Jan 25
  • 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 resumed the week to add to the recent bounce, extending the gains posted into last week’s close 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 148.79, the Nov 16 high. Vol band support remains below at 144.02 and 143.88 below.

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