Free Trial

(U17) Capped Ahead Of 55-DMA *RES 4:.....>

JGB TECHS
JGB TECHS: (U17) Capped Ahead Of 55-DMA 
*RES 4: 150.49 - 200-DMA
*RES 3: 150.47 - 100-DMA
*RES 2: 150.33 - High July 25, 55-DMA
*RES 1: 150.30 - High Aug 4
*PRICE: 150.21 @ 2130GMT
*SUP 1: 150.11 - Low Aug 2 
*SUP 2: 150.10 - 21-DMA 
*SUP 3: 150.06 - Low July 20 
*SUP 4: 150.03 - Low July 18
*COMMENTARY: Support emerging ahead of the 21-DMA and key 150.03-08 support
region provided the catalyst for a bounce last week only to be capped ahead of
the 55-DMA Friday. The 150.30-49 resistance region remains key. Bulls need a
close above the 200-DMA to confirm a bullish bias and shift immediate focus to
150.67. Bears continue to look for a close below 150.03 to confirm a break of
the 21-DMA and shift focus back to 149.65.

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.