Free Trial

(U3) Watching Support

JGB TECHS
  • RES 3: 151.26 - High Mar 3 2022
  • RES 2: 149.75/150.81 - High Nov 11 / High Aug 5 2022
  • RES 1: 149.21/53 High May 12 / High Mar 22
  • PRICE: 146.75 @ 15:29 BST Aug 28
  • SUP 1: 146.23 - Low Aug 03
  • SUP 2: 146.11 - Low Feb 22
  • SUP 3: 144.15 - Low Jan 13

JGBs traded lower last week and saw prices take out support at 146.50 to slip to 146.26, just above the Aug 3 low of 146.23. For now, the bear trigger at 146.11, Feb 22 low on the continuation contract, is yet to be tested with downside momentum likely to pick up on any break of that mark. Any return higher would target the May 12 high of 149.21 and 149.53, the Mar 22 high. Clearance of these levels would highlight an important break.

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.