Free Trial

(U9) Plays the range *RES 3: 154.24 -.....>

JGB TECHS: (U9) Plays the range
*RES 3: 154.24 - 3.0% Upper Bollinger Band
*RES 2: 154.13 - Cycle High
*RES 1: 153.95 - Broken Trendline Resistance
*PRICE: 153.78 @ 16:42 BST, Jun 27
*SUP 1: 153.70 - 23.6% 152.32 - 154.13
*SUP 2: 153.13 - 2% Lower Bollinger Band
*SUP 3: 152.33 - 6 March Low
JGB futures once again held close to recent cycle highs, but failed to make any
decent attempt on the 154.13 level. Momentum has been lacking since the start of
the week, suggesting markets may see a slightly more prolonged pause until
valuation measures return to more normal levels. Any move higher must challenge
broken trendline resistance at 153.95 ahead of cycle highs of 154.13. Bears keep
eyes on 153.70 ahead of the 50-dma support at 153.07.

To read the full story



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.