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AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

USDCAD TECHS

Trend Structure Remains Bullish

US TSYS

Cautious Risk Appetite Gains Momentum

AUDUSD TECHS

Key Support Still Exposed

US STOCKS

Late Equity Roundup: 2W Highs

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(U0): Still Under Pressure

JGB TECHS
  • RES 3: 153.06 - High Mar 31 and key resistance
  • RES 2: 152.61 - 200-dma
  • RES 1: 152.55 - High Aug 5
  • PRICE: 151.82 @ 16:03 BST, Aug 18
  • 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

Despite topping the bull trigger at 152.53 last week, JGBs have faded fast, pressuring prices comfortably below the 152 handle. Any hopes for a momentum driven move higher have now been dashed, with markets resuming trade at the lower levels of the range. A break above the 200-dma is needed to open 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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