Free Trial

(H9) Pullback off Range High *RES 3:......>

JGB TECHS
JGB TECHS: (H9) Pullback off Range High
*RES 3: 154.01 - 28 July 2016
*RES 2: 153.80 - 29 August 2016 High
*RES 1: 153.13 - Up trendline Resistance
*PRICE: 152.72 @ 16:28 GMT, Feb27
*SUP 1: 152.58 - 50-DMA
*SUP 2: 152.23 - 23.6% 149.75 - 153.00
*SUP 3: 151.65 - 100-DMA
Failure to break 153.00 has seen the retracement extend toward 152.70. This
brings the 50-dma into view at 152.58, opening a deeper correction toward the
23.6% retracement level at 152.23. Bulls need to clear 153.00 to reignite
momentum, targeting a break of up trendline resistance at 153.13, ahead of the
Aug 29 2016 high at 153.80.

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.