Free Trial

(M1) Stabilising After Recent Downside

JGB TECHS
  • RES 3: 152.55 - High Aug 5 (cont)
  • RES 2: 152.28 - 3.0% Upper Bollinger Band
  • RES 1: 152.18 - High Dec 14 / 23 and the bull trigger
  • PRICE: 150.96 @ 16:20 GMT Mar 2
  • SUP 1: 150.38 - Low Feb 25
  • SUP 2: 150.33 - 3.0% Lower Bollinger Band
  • SUP 3: 150.28 - Low Oct 24 2018

JGBs fell sharply at the tail-end of last week, falling through the 2020 lows on the continuation contract to face levels not seen since late 2018. This cements the underlying downtrend, opening 150.28 initially ahead of H2 2018 lows at 149.95. On the upside, key resistance has been defined at 152.18, Dec 14/23 high.

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.