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(M3) Lower Bias Pre-BoJ

JGB TECHS
Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income News
  • RES 3: 151.13 - High Mar 3
  • RES 2: 149.75/150.81 - High Nov 11 / High Aug 5
  • RES 1: 147.07/148.79 High Mar 02 / Nov 16
  • PRICE: 145.09 @ 15:54 GMT Mar 9
  • SUP 1: 144.93 - Low Mar 9
  • SUP 2: 144.15 - Low Jan 13
  • SUP 3: 143.86 - 1.0% 10-dma envelope

JGBs are fading into the BoJ decision as markets undergo a short-setting phase to put prices under pressure. Weakness headed into the meeting exposes next support at the Jan 13 low on the continuation contract at 144.15 for direction. Weakness through here would be resolutely negative, confirming prices at the lowest level since 2014. Momentum and trend indicators remain pointed lower for now, with next resistance some way off at the Mar02 high at 147.07.

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  • RES 3: 151.13 - High Mar 3
  • RES 2: 149.75/150.81 - High Nov 11 / High Aug 5
  • RES 1: 147.07/148.79 High Mar 02 / Nov 16
  • PRICE: 145.09 @ 15:54 GMT Mar 9
  • SUP 1: 144.93 - Low Mar 9
  • SUP 2: 144.15 - Low Jan 13
  • SUP 3: 143.86 - 1.0% 10-dma envelope

JGBs are fading into the BoJ decision as markets undergo a short-setting phase to put prices under pressure. Weakness headed into the meeting exposes next support at the Jan 13 low on the continuation contract at 144.15 for direction. Weakness through here would be resolutely negative, confirming prices at the lowest level since 2014. Momentum and trend indicators remain pointed lower for now, with next resistance some way off at the Mar02 high at 147.07.