Free Trial

(Z1) Fades Recent Strength

JGB TECHS
  • RES 3: 152.66 - 0.5% 10-dma envelope
  • RES 2: 152.62 - High Jul 21 and the bull trigger
  • RES 1: 152.27 - High Dec 06
  • PRICE: 152.01 @ 15:55 GMT Dec 08
  • SUP 1: 151.92 - Low Dec 2
  • SUP 2: 150.88 - Low Apr 1 (cont)
  • SUP 3: 150.38 - Low Feb 26 (cont)

JGB futures secured a strong weekly close on Friday, with prices rallying to touch 152.62, a new multi-month high. Prices have faded since, however, opening 151.92 support as the next downside level. The strong weekly close should, across the medium-term, open levels not seen since early September, with 152.62 now the first target.

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.