November 28, 2022 21:07 GMT
JGB TECHS: (Z2) Trading At Its Recent Lows
JGB TECHS
- RES 3: 152.26 - High Dec 7 / 21 2021
- RES 2: 151.13 - High Mar 3
- RES 1: 150.81 - High Aug 5
- PRICE: 148.88 @ 20:46 GMT Nov 28
- SUP 1: 147.38 - Low Oct 21
- SUP 2: 147.07 - Low Jun 20
- SUP 3: 145.05 - Low Jun 16 and a key support
JGB futures are trading at recent lows following the reversal from 149.75, the Nov 11 high. A continuation lower would expose support at 148.24, the Nov 4 low. If this level is cleared, scope would be seen for a move towards 147.35, Oct 21 low and 147.07, the Jun 20 low (cont). For bulls, key resistance has been defined at 150.81, the Aug 5 high where a break is required to suggest a stronger medium-term reversal.
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