Free Trial

(Z18) Stands Pat *RES 4: 152.89 - 76.4%...>

JGB TECHS
JGB TECHS: (Z18) Stands Pat
*RES 4: 152.89 - 76.4% 154.01-149.28
*RES 3: 152.43 - High Sep 28 2016
*RES 2: 152.20 - 61.8% 154.00-149.28
*RES 1: 152.04 - High Nov 9 2016
*PRICE: 151.69 @ 16:36 GMT, Dec 11
*SUP 1: 150.47/33 - 100-/50-DMA
*SUP 2: 149.75 - Spike Low Aug 2
*SUP 3: 149.65 - Spike Low Jul 7, 17 (Continuation chart)
*SUP 4: 149.38 - Spike Low Dec 2, 16 (Continuation chart)
The 152.00 handle clearly a step too far for bulls Tuesday, with prices
faltering before mounting any serious challenge. Nonetheless, a test of the mark
is viable by Christmas, particularly following the formation of a golden cross
between the 50- and 200-dmas. Other technical indicators continue to point
higher, with the longer-term targets holding in the mid-152s. Key support next
kicks in at the 200- and 100-dmas at 150.69 and 150.52.

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.