Free Trial

(H3) Fades Off Highs

JGB TECHS
  • RES 3: 151.13 - High Mar 3
  • RES 2: 149.75/150.81 - High Nov 11 / High Aug 5
  • RES 1: 147.07/148.79 High Mar 02 / Nov 16
  • PRICE: 146.86 @ 16:33 GMT Mar 8
  • SUP 1: 146.33 - 2.0% Lower Bollinger Band
  • SUP 2: 145.14 - 1.0% 10-dma envelope
  • SUP 3: 144.15 - Low Jan 13

A late Friday rally was insufficient to shift the near-term outlook for JGBs, which faded off mid-week highs into the Thursday close. Prices remain in a broader holding pattern after the January volatility, with support tested at 146.11-15 helping prop up prices across February. Next upside level sits at 147.01 and the 2.0% Upper Bollinger Band at 147.07.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.