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(Z1) Fades Back to Neutral

JGB TECHS
  • RES 3: 152.62 - High Jul 21 and the bull trigger
  • RES 2: 152.23 - High Aug 31
  • RES 1: 152.03 - 61.8% retracement of the Jul - Oct sell-off
  • PRICE: 151.53 @ 16:41 GMT Nov 24
  • SUP 1: 151.07 - Low Oct 27
  • SUP 2: 150.88 - Low Apr 1 (cont)
  • SUP 3: 150.38 - Low Feb 26 (cont)

JGB futures recovered into the Friday close, but have faded since, with the near-term outlook switching back to neutral. Key support continues to undercut at 151.07. Resistance at 151.93, the Sep 10/16 highs has been probed, a clear break would open 152.23, Aug 31 high.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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