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(U2) Pierces Key Level on Intraday Basis

JGB TECHS
  • RES 3: 151.13 - High Mar 3
  • RES 2: 150.60 - High Jul 28
  • RES 1: 150.55 - 76.4% Dec - Jun Downleg
  • PRICE: 150.52 @ 15:46 BST Jul 28
  • SUP 1: 149.00 - 1.0% 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 into the Thursday close, putting prices north of the key resistance at 150.55 on an intraday basis. This marks a step change in the technical outlook and tilts the near-term risks to a broader recovery. Further strength opens levels not seen since March at 151.13.

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

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