Free Trial

(H9) Edges Above Fib Resistance *RES 3:...>

JGB TECHS
JGB TECHS: (H9) Edges Above Fib Resistance
*RES 3: 154.01 - 28 July 2016
*RES 2: 152.99 - Jan4 High
*RES 1: 152.92 - Feb8 High
*PRICE: 152.87 @ 16:24 GMT, Feb 8 - Closed Monday
*SUP 1: 152.24 - 50-DMA
*SUP 2: 152.11 - 23.6% 149.75 - 152.84
*SUP 3: 151.34 - 100-DMA
JGBs look to close the week strongly Friday, keeping the pressure on early
January highs at 152.99 before coming into close proximity to 2016 levels. A
break above 152.92 opens the YTD highs of 152.99 before 154.01, the long-term
target. For bears to re-initiate any downside, next support kicks in at 152.11,
marking the 23.6% Fib retracement for 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.