Free Trial

(H9) Capped Ahead of Last Week's High.....>

JGB TECHS
JGB TECHS: (H9) Capped Ahead of Last Week's High
*RES 3: 154.01 - 28 July 2016
*RES 2: 152.99 - Jan4 High
*RES 1: 152.83 76.4% 152.99 - 152.31
*PRICE: 152.64 @ 15:55 GMT, Jan29
*SUP 1: 152.11 - 23.6% 149.75 - 152.84
*SUP 2: 151.33 - 50-DMA
*SUP 3: 150.79 - 100-DMA
JGB futures continued to trade in a tight range throughout the Tuesday session,
but the momentum remains in favour of the bulls for now. This follows prices
topping of 152.65 Fib resistance Friday. To add to these recent gains, JGBs need
to clear the 152.83 level, marking the 76.4% retracement for the 152.99 - 152.31
move to trigger more momentum and a move on the Jan4 high at 152.99. To the
downside, bears target downside levels at 152.11, the 23.6% retracement of the
149.75-152.84 move.

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.