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Free Access(U18) Focus Remains on Downside *RES 4:...>
JGB TECHS: (U18) Focus Remains on Downside
*RES 4: 150.85 - 21-DMA
*RES 3: 150.83 - 55-DMA
*RES 2: 150.79 - High July 25
*RES 1: 150.24 - Spike low Jul 31
*PRICE: 150.08 @ 18:13 GMT
*SUP 1: 149.65 - Spike Low Jul 7, 17 (Continuation chart)
*SUP 2: 149.38 - Spike Low Dec 2, 16 (Continuation chart)
*SUP 3: 149.28 - Spike Low Feb 3, 17 (Continuation chart)
*SUP 4: 148.65 - High Jan 19, 15 (Continuation chart)
Attempts to rebound are being limited by the 150.17 level, keeping the focus on
the downside for the JGB. Intraday support is placed at 150.03, but a break
below will return the focus to 149.95. Below 149.95 will trigger a bearish
signal, opening the way for a decline towards the 149.78 cycle lows. While gains
above 150.24 would provide some near-term stability an impulsive break above
150.420 is still needed to generate a more conclusive bullish signal
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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.