Free Trial

(M9) Plays the Range *RES 3: 153.34 -.....>

JGB TECHS
JGB TECHS: (M9) Plays the Range
*RES 3: 153.34 - Mar28 High
*RES 2: 153.01 - Apr11 High
*RES 1: 152.85 - 76.4% 153.01 - 152.32
*PRICE: 152.63 @ 16:16 BST, May 21
*SUP 1: 152.44 - 2% Lower Bollinger Band
*SUP 2: 152.33 - 6 March Low
*SUP 3: 151.97 - 38.2% 149.75 - 153.34
JGB futures held below the 50- and 100-dmas Tuesday, with bears eyeing the 2%
lower Bollinger Band as the first target. The tail-end of last week was quiet,
with JGB futures respecting the recent range. Prices need to close south of the
April low at 152.32 to confirm any downside breakout. Any break higher, on the
other hand, opens the 152.94 Fib resistance as the first target, followed by the
Mar28 high at 153.01.

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.