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(Z1) Strong Weekly Close

JGB TECHS
  • RES 3: 152.62 - High Jul 21 and the bull trigger
  • RES 2: 152.23 - High Aug 31
  • RES 1: 152.18 - High Dec 03
  • PRICE: 152.14 @ 16:28 GMT Dec 03
  • 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 traded on track for a strong weekly close Friday, with prices rallying to touch 152.18, a new multi-month high. The strong weekly close opens levels not seen since early September, with 152.23 now the medium-term target. A run through here opens the bull trigger of 152.62.

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

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