Free Trial

(U17) 150.03 Support Remains Key *RES....>

JGB TECHS
JGB TECHS: (U17) 150.03 Support Remains Key 
*RES 4: 150.48 - 100-DMA
*RES 3: 150.36 - 55-DMA
*RES 2: 150.33 - High July 25
*RES 1: 150.27 - High July 27
*PRICE: 150.13 @ 2130GMT
*SUP 1: 150.07 - 21-DMA 
*SUP 2: 150.06 - Low July 20 
*SUP 3: 150.03 - Low July 18 
*SUP 4: 149.92 - Low July 17
*COMMENTARY: The bounce from the 21-DMA Wednesday provided bulls with hope but
layers of resistance 150.33-150.67 remain as issue. Bulls continue to look for a
close above the 55-DMA to hint at a shift higher in focus with above 150.67
confirming and targeting 2017 highs. Bears still need a close below 150.03 to
confirm a break of the 21-DMA and shift focus back to 149.65. Daily studies
correcting from O/B are the key concern for bulls.

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.