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Free Access(Z0) Equals Last Week’s High
- 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: 152.14 @ 16:23 BST Nov 17
- SUP 1: 151.72 - Low Nov 10
- SUP 2: 151.54 - Low Sep 7
- SUP 3: 151.43 - Low Sep 1
JGBs extended the bounce off the weekly lows of 151.72 last week, equalling the Nov 11 high of 152.15. An extension through here opens the late September high (and bull trigger) at 152.29, with vol band resistance just above. Should markets return lower, 151.54 is the first target, last seen at the beginning of September.
To read the full story
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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.