Free Trial

(Z0) Still Heavy

JGB TECHS
  • RES 3: 152.53 - 1.50 proj of Aug 28 - Sep 4 rally from Sep 7 low
  • RES 2: 152.45 - 3.0% Upper Bollinger Band
  • RES 1: 152.29 - High Sep 24 and the bull trigger
  • PRICE: 151.93 @ 17:13 BST Oct 8
  • SUP 1: 151.75 - Low Oct 08
  • SUP 2: 151.54 - Low Sep 7 and key near-term support
  • SUP 3: 151.43 - Low Sep 1

JGBs remain below recent lows and price remains under pressure over short-term. Price has traded through both 152.00 and the initial support at 151.97, Oct 2 low. This signals scope for a deeper corrective pullback. The move to 151.75 has countered the bullish trend perspective and turns the outlook more neutral. For the upside argument to strengthen, markets need to take out 152.45 and 152.53. The bull trigger is at 152.29, Sep 24 high.

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.