Free Trial

(H9) Trendline Support Snaps *RES 3:......>

JGB TECHS
JGB TECHS: (H9) Trendline Support Snaps
*RES 3: 154.01 - 28 July 2016
*RES 2: 152.99 - Jan4 High
*RES 1: 152.83 76.4% 152.99 - 152.31
*PRICE: 152.70 @ 16:07 GMT, Feb4
*SUP 1: 152.11 - 23.6% 149.75 - 152.84
*SUP 2: 151.33 - 50-DMA
*SUP 3: 150.79 - 100-DMA
152.69 trendline support broke early Monday in a volume-less session, putting
bears in control of near-term price action. Next support kicks in at 152.11,
marking the 23.6% Fib retracement for the 149.75-152.84 move. Nonetheless, YTD
highs of 152.99 remain tantalisingly close, with the 76.4% Fib of the
152.99-152.31 move at 152.83 one of the few levels of resistance. To the
immediate downside, bears initially target 152.23, the 23.6% retracement of 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.