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(H3) More Stable After January Volatility

  • 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: 146.68 @ 14:43 GMT Feb 17
  • SUP 1: 145.13 - 1.0% 10-dma envelope
  • SUP 2: 144.15 - Low Jan 13
  • SUP 3: 144.10 - 2.0% Lower Bollinger Band

The January rally in JGBs continues to fade, although prices still hold the bulk of the post-BoJ bounce. 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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