Free Trial

(M9) 50-dma Cracks *RES 3: 153.80 - 29....>

JGB TECHS
JGB TECHS: (M9) 50-dma Cracks
*RES 3: 153.80 - 29 August 2016 High
*RES 2: 153.34 - Mar28 High
*RES 1: 152.80 - 50-DMA
*PRICE: 152.79 @ 16:36 GMT, Apr 5
*SUP 1: 152.57 - 76.4% 152.33 - 153.34
*SUP 2: 152.33 - 6 March Low
*SUP 3: 152.31 - 100-DMA
The bullish argument for JGB futures weakened materially following the close
below the 50-dma, opening up bearish targets as low as the Mar6 low at 152.33.
Ahead of there, markets may find some support at the 76.4% Fib retracement for
the 152.33 - 153.34 move at 152.57. For bulls to regain any poise, 153.34
becomes the first target ahead of 153.80.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.