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(Z1) Strong Finish to the Week

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: 151.79 @ 16:38 GMT Nov 26
  • 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 rallied Friday along with global bond markets, rising to touch 151.84. The rally stopped just short of 152.03, the first upside level, which retains focus headed into the new week. A clear break would open 152.23, Aug 31 high. Key support continues to undercut at 151.07.

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

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