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(M1) Tilted Higher

JGB TECHS
  • RES 3: 151.82 - 76.4% November - February Decline
  • RES 2: 151.66/71 - High Apr 23 / High Mar 5 and bull trigger
  • RES 1: 151.56 - High May 25 / 26
  • PRICE: 151.59 @ 15:48 BST May 26
  • SUP 1: 151.17 - 38.2% Feb - Apr Rally
  • SUP 2: 150.88 - Low Apr 1
  • SUP 3: 150.19 - Low Feb 26
JGB futures continue to climb, with the recent high circling just below the Apr 23 high of 151.66. A break above here would confirm a resumption of the uptrend, bringing the 200-dma into view at 151.71. For now, a more neutral outlook is maintained, while there remains potential for a bearish resumption. Initial support is 151.17, a retracement where a break would strengthen a bearish case. Key resistance has been defined at 151.66/71.

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