Free Trial

(U18) 21-DMA Now Supporting *RES 4:.......>

JGB TECHS
JGB TECHS: (U18) 21-DMA Now Supporting
*RES 4: 151.19 - Monthly High Nov 22
*RES 3: 151.15 - 2018 High Mar 2
*RES 2: 151.13 - Monthly High May 30
*RES 1: 151.02 - Hourly resistance May 30
*PRICE: 150.91 @ 2130GMT
*SUP 1: 150.88 - 21-DMA 
*SUP 2: 150.80 - Low June 29
*SUP 3: 150.71 - Low June 15 
*SUP 4: 150.60 - Low June 14
*COMMENTARY: Bulls have so far failed to take out the 151.02 resistance needed
to add support to the case for a test of the 151.13-19 resistance region. Daily
studies correcting from modestly O/B weighed in past weeks. Bears now need a
close below the 21-DMA to gain breathing room and below 150.80 to shift initial
focus to 150.71-74 where the 200-DMA is situated. Overall below 150.71 hints at
a move back to 150.39.

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.