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(Z0) Stays Weaker

  • 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: 151.84 @ 16:17 BST Nov 10
  • SUP 1: 151.72 - Low Nov 10
  • SUP 2: 151.54 - Low Sep 7
  • SUP 3: 151.43 - Low Sep 1

JGBs remain weak at the tail-end of the Tuesday session, with global bond markets leading prices lower. New lows of 151.72 were printed, worsening the outlook for the near-term. This opens 151.54 should current weakness extend, levels last seen at the beginning of September. For the outlook to improve, markets need to retake the 152 handle ahead of 152.29, Sep 4 high, a key resistance and the bull trigger.

MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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