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(Z0) Running Against Resistance

  • RES 3: 152.55 - High Aug 5 (cont)
  • RES 2: 152.36- 3.0% Upper Bollinger Band
  • RES 1: 152.29/26 - High Sep 24/Oct 16 and bull trigger
  • PRICE: 152.15 @ 16:12 GMT 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 to hit 152.20 Wednesday. This tops last week's highs to open the late September high (and bull trigger) at 152.29, with vol band resistance just above. Should markets return lower, 152.07 is the first target, marking Fib support for the November recovery.

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