Free Trial

(H9) Onus Remains Higher *RES 3: 154.01...>

JGB TECHS
JGB TECHS: (H9) Onus Remains Higher
*RES 3: 154.01 - 28 July 2016
*RES 2: 152.99 - Jan4 High
*RES 1: 152.92 - Feb8 High
*PRICE: 152.83 @ 15:54 GMT, Feb18
*SUP 1: 152.40 - 50-DMA
*SUP 2: 152.23 - 23.6% 149.75 - 152.99
*SUP 3: 151.46 - 100-DMA
While prices retreated slightly Monday, Feb 8 highs remain in view following
disappointing Japanese GDP data last week, although bullish momentum failed to
fully carry through into the Monday session. In the coming week, 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 152.23, marking the
23.6% Fib retracement for the 149.75-152.99 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.