Free Trial

(M18) 150.66-82 Resistance Region Now.....>

JGB TECHS
JGB TECHS: (M18) 150.66-82 Resistance Region Now Key
*RES 4: 150.86 - Hourly resistance Apr 19
*RES 3: 150.82 - 55-DMA
*RES 2: 150.75 - 100-DMA
*RES 1: 150.66 - Hourly resistance Apr 20
*PRICE: 150.55 @ 2130GMT
*SUP 1: 150.52 - Hourly support Apr 23 
*SUP 2: 150.43 - Low Apr 23 
*SUP 3: 150.36 - High Feb 1 now support 
*SUP 4: 150.09 - 2018 Low Feb 2
*COMMENTARY: Follow through was lacking to start the new week courtesy of the
Bollinger band base (150.62) and daily studies approaching O/S. Bears now look
for a close below 150.36 to confirm focus on tests of 2018 lows. Bulls need a
close above 150.66 to gain breathing room and above the 55-DMA to shift focus
back to 150.95-151.06.

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.