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(U1) Tilted Higher

JGB TECHS
  • RES 3: 152.54 - 38.2% Mar'20 - Feb'21 Decline
  • RES 2: 152.03 - High Jan 21
  • RES 1: 152.02 - High Jun 11
  • PRICE: 151.63 @ 15:32 BST Jun 18
  • SUP 1: 151.17 - 38.2% Feb - Apr Rally
  • SUP 2: 150.88 - Low Apr 1
  • SUP 3: 150.19 - Low Feb 26
JGB futures have resumed their uptrend, pushing through nearby resistance to strike a new multi-month high at 152.02. This shifts next resistance higher to the Jan 21 high of 152.03, with key resistance at the 38.2% Fib of 152.54. Initial support is 151.17, a retracement where a break would strengthen a bearish case. Key resistance has been defined at 151.66/71.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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