Free Trial

(M18) 200-DMA Support Key *RES 4:.........>

JGB TECHS
JGB TECHS: (M18) 200-DMA Support Key
*RES 4: 151.15 - 2018 High Mar 2
*RES 3: 151.06 - High Mar 12
*RES 2: 151.03 - High Apr 12
*RES 1: 150.95 - Low Apr 12 now resistance
*PRICE: 150.85 @ 2130GMT
*SUP 1: 150.73 - 100-DMA 
*SUP 2: 150.70 - Alternating daily support/resistance, 200-DMA 
*SUP 3: 150.52 - Alternating daily support/resistance 
*SUP 4: 150.39 - Monthly Low Apr 26
*COMMENTARY: Hesitation ahead of the 150.95-151.06 resistance region is less
than ideal for bulls with a close above 151.06 needed to shift initial focus to
151.15-21. Bears continue to look for a close below the 200-DMA to end bullish
hopes and shift initial focus back to 150.52. Overall below 150.52 is needed to
see bears targeting 2018 lows. Daily studies at modestly O/B levels are less
than ideal for bulls.

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.