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(Z0) Drops with Global Bonds

JGB TECHS
  • RES 3: 152.55 - High Aug 5 (cont)
  • RES 2: 152.36- 3.0% Upper Bollinger Band
  • RES 1: 152.29 - High Sep 24 and the bull trigger
  • PRICE: 151.79 @ 16:45 BST Nov 9
  • SUP 1: 151.75 - Low Oct 08 and trend support
  • SUP 2: 151.54 - Low Sep 7
  • SUP 3: 151.43 - Low Sep 1

Following the Pfizer vaccine headlines, global bonds slumped and JGBs were no exception. Prices slipped to hit support at the 151.75 trend support before stabilising. A break below here is needed to reverse the currency positive outlook. Attention remains on 152.29, Sep 4 high, a key resistance and the bull trigger. A break of this level would confirm a resumption of the uptrend and open 152.36, a Bollinger band objective and 152.55, Aug 5 high (cont).

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