Free Trial

(H9) Holds Recent Range *RES 3: 154.01....>

JGB TECHS
JGB TECHS: (H9) Holds Recent Range
*RES 3: 154.01 - 28 July 2016
*RES 2: 152.99 - Jan4 High
*RES 1: 152.92 - Feb8 High
*PRICE: 152.66 @ 16:26 GMT, Feb 12
*SUP 1: 152.24 - 50-DMA
*SUP 2: 152.11 - 23.6% 149.75 - 152.84
*SUP 3: 151.34 - 100-DMA
After the strong close Friday and the market closure Monday, JGBs picked up
where they left off, before retreating slightly as the BoJ looked to adjust
their Rinban purchase scheme. Recent ranges have been respected, however, with
the Monday/Tuesday candles sitting well within Friday's range. 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.