Free Trial

(H9) Respects the Range *RES 3: 154.01....>

JGB TECHS
JGB TECHS: (H9) Respects the Range
*RES 3: 154.01 - 28 July 2016
*RES 2: 152.89 - 76.4% 154.01-149.28
*RES 1: 152.99 - Jan4 High
*PRICE: 152.54 @ 16:47 GMT, Jan17
*SUP 1: 152.11 - 23.6% 149.75 - 152.84
*SUP 2: 151.33 - 50-DMA
*SUP 3: 150.79 - 100-DMA
Thursday was another quiet session, doing little to change the over-aching
outlook. The 50% retracement level for the 152.99-152.31 move at 152.65 remains
as first resistance and a climb through here may trigger the momentum required
to see prices retest the year's best levels. Momentum indicators are undeterred
and continue to tilt higher with the 2016 highs of 154.01 the medium-term
target. On the downside, bears need to clear the 151.64 50-dma to return the
outlook to anything near neutral.

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.