Free Trial

(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: 151.60 - High May 26
  • PRICE: 151.29 @ 15:39 BST Jun 2
  • 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 rolled off the week's highs last week, with 151.60 marking the high watermark for now. Prices remain below the Apr 23 high of 151.66. Recent price action has worked against the multi-month uptrend and trendline support drawn off the Feb 26 low has been breached. This highlights a neutral outlook while also signalling the 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.

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.