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(M3) Support Remains Intact - For Now

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: 148.08 @ 21:021BST Jun 15
  • SUP 1: 147.34 - Low May 26
  • SUP 2: 146.11 - Low Feb 22
  • SUP 3: 144.15 - Low Jan 13

JGBs continue to operate closer to recent highs and above support at 147.34, the May 26 low. The recent bounce helped stall any more protracted pullback, although the gap with next key resistance at 149.21 remains. Clearance of this level would highlight an important bullish break. To the downside, a breach of 147.34 would signal a stronger reversal and open 146.11, the Feb 22 low.

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