Free Trial

(M9) Remains in Second Gear *RES 3:.......>

JGB TECHS
JGB TECHS: (M9) Remains in Second Gear
*RES 3: 153.34 - Mar28 High
*RES 2: 153.01 - Apr11 High
*RES 1: 152.85 - 76.4% 153.01 - 152.32
*PRICE: 152.75 @ 16:52 BST, May 17
*SUP 1: 152.42 - 2% Lower Bollinger Band
*SUP 2: 152.33 - 6 March Low
*SUP 3: 151.97 - 38.2% 149.75 - 153.34
Friday trade was quiet, with JGB futures respecting the recent range. Prices
remain wedged between the 100-dma support at 152.68 and the 152.77 50-dma to the
upside and momentum will need to pick up in either direction to confirm a
breakout. Any break higher opens the 152.94 Fib resistance as the first target,
followed by the Mar28 high at 153.01. A break below the 100-dma will target
152.60 ahead of the April lows at 152.32.

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.