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(Z1) Strong Weekly Close

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: 152.25 @ 16:47 GMT Dec 06
  • 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 secured a strong weekly close on Friday, with prices rallying to touch 152.62, a new multi-month high. The strong weekly close opens levels not seen since early September, with 152.62 now the medium-term target. Vol-band based resistance lies beyond at 162.66.

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