Free Trial

(Z0): Bullish Phase Remains Intact

JGB TECHS
  • RES 3: 152.50 - 1.000 proj of Aug 4 - Sep 28 rally from the Sep 7 low
  • RES 2: 152.04 - 0.764 proj of Aug 4 - Sep 28 rally from the Sep 7 low
  • RES 1: 151.95 - High Sep 9 and the bull trigger
  • PRICE: 151.84 @ 17:35 BST Sep 9
  • SUP 1: 151.54 - Low Sep 7 and key near-term support
  • SUP 2: 151.43 - Low Sep 1
  • SUP 3: 151.20 - Low Aug 28
JGBs maintain a firmer tone this week having recovered the ground lost in the sell-off between Sep 4 - 7. The break of resistance at 151.86, Sep 4 high, confirms a resumption of the recovery that has dominated since the reversal off the Aug 28 low of 151.20. This signals scope for gains beyond 151.95, a Fibonacci projection and yesterday's high, towards 152-04. On the downside, key short-term support has been defined at 151.54.

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.