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(M1) Attention is On The 100-DMA

JGB TECHS
  • RES 3: 152.55 - High Aug 5 (cont)
  • RES 2: 152.18 - High Dec 14 / 23 and the bull trigger
  • RES 1: 151.75- 3.0% Upper Bollinger Band
  • PRICE: 151.50 @ 17:20 BST Apr 21
  • SUP 1: 150.97 - 2.0% Lower Bollinger Band
  • SUP 2: 150.38 - Low Feb 25
  • SUP 3: 150.28 - Low Oct 24 2018

JGB futures are trading closer to recent highs. Normality appears to have returned to Japanese bond markets after recent volatility, with the technical outlook stabilising. Prices continue to rally north of the 50-dma at 151.19, extending the corrective rally and opening 151.78, the 200-dma, in the medium-term.

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