Free Trial

(U9) Range widens *RES 3: 158.42 -........>

JGB TECHS
JGB TECHS: (U9) Range widens
*RES 3: 158.42 - Multi-year Up trendline Resistance
*RES 2: 156.06 - 3.0% Upper Bollinger Band
*RES 1: 155.37 - Cycle High
*PRICE: 155.18 @ 14:37 GMT, Aug 26
*SUP 1: 154.44 - 38.2% 154.44 - 155.02
*SUP 2: 154.04 - 50-dma
*SUP 3: 153.48 - 100-dma
JGB futures edged higher still at the open Monday, printing up at 155.37 to keep
bulls firmly on the front foot. Renewed bullish intraday momentum points to a
further extension of the major uptrend towards 155.95 initially. Support remains
at 154.87, but a break and close below Fib support at 154.44 would be needed to
favour the bears.

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.