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(M2) Through Longer Term Support

JGB TECHS
  • RES 3: 152.62 - High Jul 21 and the bull trigger
  • RES 2: 152.26 - High Dec 06 and 21 (cont)
  • RES 1: 151.26 - High Mar 4 (cont)
  • PRICE: 149.37 @ 15:56 GMT Mar 24
  • SUP 2: 149.31 - 2.0% Lower Bollinger Band
  • SUP 1: 149.28 - Low Mar 25
  • SUP 3: 149.11 - 0.5% 10-dma envelope

The downtrend in JGBs accelerated again Friday, with prices convincingly breaking below the longer-term support at the 61.8% Fib for the 2015 - 2020 rally at 149.65. The break here spells further losses toward 149.31 as well as vol band support at 149.11.

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  • RES 3: 152.62 - High Jul 21 and the bull trigger
  • RES 2: 152.26 - High Dec 06 and 21 (cont)
  • RES 1: 151.26 - High Mar 4 (cont)
  • PRICE: 149.37 @ 15:56 GMT Mar 24
  • SUP 2: 149.31 - 2.0% Lower Bollinger Band
  • SUP 1: 149.28 - Low Mar 25
  • SUP 3: 149.11 - 0.5% 10-dma envelope

The downtrend in JGBs accelerated again Friday, with prices convincingly breaking below the longer-term support at the 61.8% Fib for the 2015 - 2020 rally at 149.65. The break here spells further losses toward 149.31 as well as vol band support at 149.11.