Free Trial

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

JGB TECHS
JGB TECHS: (M18) 200-DMA Support Key
*RES 4: 150.95 - Low Apr 12 now resistance
*RES 3: 150.85 - 55-DMA
*RES 2: 150.73 - 100-DMA
*RES 1: 150.71 - 200-DMA
*PRICE: 150.63 @ 2130GMT
*SUP 1: 150.53 - Bollinger band base 
*SUP 2: 150.52 - Alternating daily support/resistance 
*SUP 3: 150.39 - Monthly Low Apr 26 
*SUP 4: 150.36 - High Feb 1 now support
*COMMENTARY: Hesitation ahead of the 150.95-151.06 resistance region has
impacted with a sell-off and close below the 200-DMA Tuesday that sees focus
shift to 150.36-39. Daily studies correcting from modestly O/B levels add weight
to the bearish case. Bulls now need a close above the 100-DMA to ease bearish
pressure and above the 55-DMA to shift initial focus 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.