Free Trial

(M9) Holds Above 50-dma *RES 3: 153.80....>

JGB TECHS
JGB TECHS: (M9) Holds Above 50-dma
*RES 3: 153.80 - 29 August 2016 High
*RES 2: 153.34 - Mar28 High
*RES 1: 152.94 - 38.2% 153.34 - 152.70
*PRICE: 152.88 @ 17:09 BST, Apr 11
*RES 1: 152.82 - 50-DMA
*SUP 2: 152.57 - 76.4% 152.33 - 153.34
*SUP 3: 152.33/40 - 6 March Low/100-DMA
JGB futures held above the 50-dma for a fourth session Thursday, keeping
near-term impetus higher despite the modest pullback in prices throughout the US
trading day. The 153.34 print from two weeks ago remains in range but bulls
failed to take the reins after edging above modest resistance at 152.94. Markets
may find some support on any move lower at the 76.4% Fib retracement for the
152.33 - 153.34 move at 152.57.

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.