Free Trial

(M1) Recovering Well, Eyes 50-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: 151.61 - 3.0% Upper Bollinger Band
  • PRICE: 151.14 @ 17:51 GMT Mar 17
  • SUP 1: 150.62 - 2.0% Lower Bollinger Band
  • SUP 2: 150.38 - Low Feb 25
  • SUP 3: 150.28 - Low Oct 24 2018

After the erratic spike in prices earlier in the month, normality has returned to Japanese bond markets, with the technical outlook stabilising. First resistance at 151.01 has now given way, opening a further recovery in prices toward the 50-dma at 151.52. A break above here would solidify the recovery from the February cycle low, and open a more protracted near-term rally.

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.