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JGB TECHS: (H5) Sharp Bounce Off Lows

JGB TECHS
  • RES 3: 147.74 - High Jan 15 and bull trigger (cont)
  • RES 2: 146.53 - High Aug 6 
  • RES 1: 142.73/144.48 - High Dec 9 / High Nov 11  
  • PRICE: 139.31 @ 16:21 GMT Mar 3
  • SUP 1: 138.71 - Low Feb 19
  • SUP 2: 138.62 - 2.0% Lower Bollinger Band
  • SUP 3: 138.00 - 1.0% 10-dma envelope

JGBs extended the recent bounce Friday, firming further off recent lows as global equity markets underperformed. The show through 139.99 resistance shows the move could have legs - opening early December highs should the pace be maintained. 144.48 is the medium-term target for bulls.

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  • RES 3: 147.74 - High Jan 15 and bull trigger (cont)
  • RES 2: 146.53 - High Aug 6 
  • RES 1: 142.73/144.48 - High Dec 9 / High Nov 11  
  • PRICE: 139.31 @ 16:21 GMT Mar 3
  • SUP 1: 138.71 - Low Feb 19
  • SUP 2: 138.62 - 2.0% Lower Bollinger Band
  • SUP 3: 138.00 - 1.0% 10-dma envelope

JGBs extended the recent bounce Friday, firming further off recent lows as global equity markets underperformed. The show through 139.99 resistance shows the move could have legs - opening early December highs should the pace be maintained. 144.48 is the medium-term target for bulls.