Free Trial

(U2) Technical Outlook Tilts Positive

JGB TECHS
  • RES 3: 151.58 - 1.0% 10-dma envelope
  • RES 2: 151.13 - High Mar 3
  • RES 1: 150.79 - High Aug 02
  • PRICE: 150.45 @ 16:14 BST Aug 03
  • 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 extended recent strength Tuesday, with prices piercing and closing above key resistance at the 76.4% retracement for the 2022 downleg at 150.56. This puts prices further above the 200-dma, and marks a step change for the technical outlook. This 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

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.