July 02, 2024 22:45 GMT
JGB TECHS: (U4) Retreats Off June Highs
JGB TECHS
- RES 3: 148.74 - High Jul 24 (cont)
- RES 2: 147.74 - High Jan 15 and bull trigger (cont)
- RES 1: 144.88/145.95 - High May 8 / High Mar 25
- PRICE: 142.40 @ 16:09 BST Jul 02
- SUP 1: 142.23 - Low Jul 02
- SUP 2: 142.06 - 1.0% 10-dma envelope
- SUP 3: 141.65 - 1.00 proj of Mar 22 - Nov 1 ‘23 - Jan 15 price swing
Prices faded into the tail-end of last week, putting pressure on nearby support and prompting a poor weekly close. The break lower from here has seen 142.85 - the late May low - give way, with the 142.06 1.0% 10-dma envelope and 142.00 handle and 141.65 further out - a Fibonacci projection. Key resistance remains at 145.95, the Mar 28 high, off which prices have faded into mid-week.
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