Free Trial

(M9) Waiting for Cues *RES 3: 153.34 -....>

JGB TECHS
JGB TECHS: (M9) Waiting for Cues
*RES 3: 153.34 - Mar28 High
*RES 2: 153.01 - Apr11 High
*RES 1: 152.94 - 38.2% 153.34 - 152.70
*PRICE: 152.80 @ 16:36 BST, May 8
*SUP 1: 152.33 - 6 March Low
*SUP 2: 152.23 - 3% Lower Bollinger Band
*SUP 3: 151.97 - 38.2% 149.75 - 153.34
JGB futures returned with little fanfare following the extended Golden Week
holidays and that remained the case Wednesday. This keeps JGB bulls in control
for now, with prices holding just north of the 50-dma at 152.79. To the upside,
152.94 Fib resistance is the first target, followed by the Mar28 high at 153.01.
A break below the 100-dma at 152.61 will be needed to re-assert any bearish
outlook.

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.