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(U2) New Recovery High

JGB TECHS
  • RES 3: 151.13 - High Mar 3
  • RES 2: 150.55 - 76.4% Dec - Jun Downleg
  • RES 1: 150.53 - High Jul 23
  • PRICE: 150.33 @ 16:09 BST Jul 27
  • SUP 1: 147.93 - 3.0% Lower Bollinger Band
  • SUP 2: 147.15 - Low Jun 14
  • SUP 3: 146.82 - Low Jul 14 2015

JGBs made further gains through the 200-dma on the continuation contract Tuesday, marking a step change in the technical outlook and tilting the near-term risks to a broader near-term recovery. Further strength put prices above the Mar 14 high at 150.44 ahead of 150.55 - the 76.4% retracement of the December - June downleg.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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