Free Trial

(Z0) Running Against Resistance

JGB TECHS
  • 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.

To read the full story

Close

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.