Free Trial

(U0): Hits 50% Retracement *RES 3:........>

JGB TECHS
JGB TECHS: (U0): Hits 50% Retracement
*RES 3: 154.56 - High Mar 13
*RES 2: 153.50 - High Mar 16
*RES 1: 153.06 - High Mar 31 and key resistance
*PRICE: 151.82 @ 16:32 BST, Jun 03
*SUP 1: 151.62 - Low Dec 23 2019
*SUP 2: 151.59 - Low Mar 26
*SUP 3: 151.52 - 61.8% March Rally
JGB futures deteriorated further Wednesday, extending recent weakness to strike
the 50% retracement of the March rally at 151.82. A break and close below here
would open further downside, with bears initially targeting 151.62 ahead of the
late March lows of 151.59. An ability to hold above here is required to confirm
a bullish cycle and allow for a recovery towards 153.30, Mar 16 high.

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.