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(H4) Recovers Well Across The Week

JGB TECHS
  • RES 3: 149.53 - High Mar 22 and a key resistance
  • RES 2: 148.74 - High Jul 24
  • RES 1: 147.65 - High Jan 12
  • PRICE: 147.65 @ 16:40 GMT Jan 12
  • SUP 1: 144.60 - Low Dec 08
  • SUP 2: 143.44 - Low Oct 31 (cont)
  • SUP 3: 143.29 - 2.618 proj of the Mar 22 - Apr 18 - May 12 swing

JGBs traded higher to finish the week, adding to those gains Friday. The recent recovery rally and the strength into year-end ‘23 topped initial resistance at 146.52, the Dec 7 high, to mark a bullish development. This opens resistance at 147.27 further out, the Dec 06 high and 148.74, the Jul 24 high. 143.44, the Oct 31 low, marks key support and a medium-term bear trigger. Initial support to watch is at 144.60, the Dec 11 / 8 low.

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