Free Trial

(U18) 200-DMA Initial Resistance *RES.....>

JGB TECHS
JGB TECHS: (U18) 200-DMA Initial Resistance
*RES 4: 151.02 - Hourly resistance May 30
*RES 3: 150.94 - Low May 31 now resistance
*RES 2: 150.88 - High June 8
*RES 1: 150.76 - 100-DMA, 200-DMA
*PRICE: 150.62 @ 2130GMT
*SUP 1: 150.56 - Rising daily TL Off 2017 low 
*SUP 2: 150.53 - Low Apr 27 
*SUP 3: 150.39 - Monthly Low Apr 26 
*SUP 4: 150.36 - High Feb 1 now support
*COMMENTARY: Focus now shifts to the 150.53-56 support region with bears needing
a close below to confirm a break of the rising daily TL off 2018 lows and shift
initial focus to 150.36-39 and overall focus to 150.09 2018 lows. The 100 &
200-DMAs are now initial resistance. Bulls need a close above to gain breathing
room and above 151.02 to return initial focus to 151.13-19 and above 2018 highs
to shift focus to 151.51 2017 highs.

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.