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(M3) Holds Close to Recent Lows

JGB TECHS
  • RES 3: 151.26 - High Mar 3 2022
  • RES 2: 149.75/150.81 - High Nov 11 / High Aug 5 2022
  • RES 1: 149.53 High Mar 22
  • PRICE: 148.78 @ 16:23 BST Jun 06
  • SUP 1: 147.31/27 - 50-day EMA / Low Apr 18
  • SUP 2: 145.80/144.73 - Low Mar 13 / Low Feb 13
  • SUP 3: 144.15 - Low Jan 13

JGBs continue to operate close to recent lows, with 148.48 marking the near-term support. The recent bounce off Ueda-inspired lows helped stall any more protracted pullback, although the gap with next resistance at 149.17 remains. To the downside, the 50-dma provides support at 147.31, just above the Apr 18 low. To the upside, 149.53 marks the key upside level.

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