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Free Access(Z17) Above 151.00 Shifts Focus Back to...>
JGB TECHS: (Z17) Above 151.00 Shifts Focus Back to 151.19-21
*RES 4: 151.21 - Low Sept 2 now resistance
*RES 3: 151.19 - Monthly high Nov 22
*RES 2: 151.13 - High Nov 24
*RES 1: 151.00 - Hourly resistance Dec 4
*PRICE: 150.96 @ 2030GMT
*SUP 1: 150.84 - Alternating hourly support/resistance
*SUP 2: 150.75 - Low Dec 5
*SUP 3: 150.66 - 55-DMA
*SUP 4: 150.64 - 100-DMA
*COMMENTARY: The lack of follow through on the dip below 150.84 is less than
ideal for bears with the bounce seeing 151.00 resistance key today. Bulls now
need a close above this level to shift focus away from the 150.54-66 region and
back to 151.19-21. Bulls still need a close above 151.21 to shift focus to tests
of the 151.49-52 where 2017/Sept highs and the daily bull channel top are
situated. Below 150.75 is needed to reconfirm focus on key DMAs.
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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.