Free Trial

(M0): Swift Retreat *RES 3: 157.48 -......>

JGB TECHS
JGB TECHS: (M0): Swift Retreat
*RES 3: 157.48 - 2.0% 10-dma envelope
*RES 2: 157.00 - Handle Resistance
*RES 1: 156.02 - High Mar 9
*PRICE: 154.56 @ 16:37 GMT, Mar 10
*SUP 1: 152.83 - 50-dma
*SUP 2: 151.62 - Contract lows, Dec 20
*SUP 3: 151.11 - 76.4% retracement of August 2018 - September 2019 Rally
Near-term support lines remain untested, but the outlook deteriorated a little
Wednesday, but not considerably so. The recent rally saw the mid-2019 highs
taken out, firming the outlook which still points higher. This keeps the
over-arching theme materially bullish, with momentum measures also pointed
higher. Near-term resistance sits at, initially, 156.02 ahead of the 2.0% 10-dma
envelope at 157.48. The 200-dma switches to support at 153.57.

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.