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(M1) Through 2020 Lows

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: 150.70 @ 16:28 GMT Mar 1
  • 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, again, 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.

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