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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: 152.18 - 2.0% Upper Bollinger Band
  • RES 1: 152.14 - High Sep 18
  • PRICE: 152.08 @ 15:34 BST Sep 21
  • 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 continue their September uptrend, with prices now solidly above the 152.00 handle. Upside targets remain at the week's high of 152.14, with vol band resistance just beyond at 152.18. The strong sequence of higher lows need to be sustained from here, with the outlook firmer above the 100-dma. On the downside, key short-term support has been defined at 151.54.

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