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(M2) Broader Trend Condition Remains Bearish

JGB TECHS
Fixed Income Technical Analysismarkets-real-timeBulletMarketsFixed Income
  • RES 3: 151.13 - High Mar 3
  • RES 2: 150.44 - High Mar 14
  • RES 1: 150.14 - High Apr 1
  • PRICE: 149.51 @ 20:46 BST May 16
  • SUP 1: 148.72 - Low Mar 29
  • SUP 2: 148.87 - 3.0% Lower Bollinger Band
  • SUP 3: 147.86 - 1.0% 10-dma envelope

The primary downtrend in JGBs remains intact although the recent recovery has given bears pause for thought. Key resistance to watch is at 150.14, Apr 1 high. The breach of the 61.8% Fibonacci retracement of 2015 - 2020 rally at 149.65 continues to weigh on prices and spells further losses toward 148.87/147.86, which marks both the 3.0% Lower Bollinger Band as well as the 1.0% 10-dma envelope. Resistance is at 150.14, Apr 1 high.

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  • RES 3: 151.13 - High Mar 3
  • RES 2: 150.44 - High Mar 14
  • RES 1: 150.14 - High Apr 1
  • PRICE: 149.51 @ 20:46 BST May 16
  • SUP 1: 148.72 - Low Mar 29
  • SUP 2: 148.87 - 3.0% Lower Bollinger Band
  • SUP 3: 147.86 - 1.0% 10-dma envelope

The primary downtrend in JGBs remains intact although the recent recovery has given bears pause for thought. Key resistance to watch is at 150.14, Apr 1 high. The breach of the 61.8% Fibonacci retracement of 2015 - 2020 rally at 149.65 continues to weigh on prices and spells further losses toward 148.87/147.86, which marks both the 3.0% Lower Bollinger Band as well as the 1.0% 10-dma envelope. Resistance is at 150.14, Apr 1 high.