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(U0): Breaks to New Highs

JGB TECHS
  • RES 3: 153.06 - High Mar 31 and key resistance
  • RES 2: 152.65 - 200-dma
  • RES 1: 152.55 - High Aug 5
  • PRICE: 152.33 @ 17:05 BST, Aug 5
  • SUP 1: 151.57 - Low Jul 2 and key support
  • SUP 2: 151.26 - Jun 8 low
  • SUP 3: 150.61 - Low Mar 19 and key support

JGBs hit the bull trigger at 152.53 Tuesday, firming the outlook materially as the gap with the 200-dma at 152.65 is narrowed. Prices faded slightly Wednesday, but bulls are still in control for now. A break above the 200-dma opens the 153 handle and levels not seen since March. Key support has been defined at 151.57, Jul 2 low.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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