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(Z0): Bullish Theme Intact

JGB TECHS
  • RES 3: 152.50 - 1.000 proj of Aug 4 - Sep 28 rally from the Sep 7 low
  • RES 2: 152.12 - 2.0% Upper Bollinger Band
  • RES 1: 152.07 - High Sep 16
  • PRICE: 152.03 @ 17:25 BST Sep 16
  • 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 bullish tone, having recovered the ground lost in the sell-off between Sep 4 - 7. The recent break of resistance at 151.86, Sep 4 high, confirms a resumption of the recovery that has dominated since bouncing on Aug 28 off 151.20. This signals scope for gains beyond 152.00, the Monday high, towards 152.04, a Fibonacci projection. On the downside, key short-term support has been defined at 151.54.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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