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(H4) Tops Resistance

JGB TECHS
  • RES 3: 149.53 - High Mar 22 and a key resistance
  • RES 2: 148.74 - High Jul 24
  • RES 1: 147.27 - High Dec 06
  • PRICE: 146.81 @ 15:16 GMT Dec 27
  • 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 built on recent gains Wednesday. Topping of initial resistance at 146.52, the Dec 7 high, is a bullish development and 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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