Free Trial

(Z18) Summer Gap Closed *RES 4: 151.64....>

JGB TECHS
JGB TECHS: (Z18) Summer Gap Closed
*RES 4: 151.64 50% 154.00-149.28
*RES 3: 151.51 Sep 8 2017 High
*RES 2: 151.13 - High May30
*RES 1: 151.09 - 38.2% 154.01-149.28
*PRICE: 150.84 @ 16:28 GMT, Nov 15
*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)
Bulls firmly grasped the initiative Thursday, driving JGBs to close the gap
opened in early Summer and hold the 151 handle. This confirms the bullish
breakout and targets are shifted higher to 151.09 and 151.13. Momentum may fade
somewhat in the short-term, but bulls continue to hold the upper hand. Basing
above the 200-dma at 150.63 also adds weight to the bullish argument. Key
support next kicks in at the 100- and 50-dmas at 150.47 and 150.38.

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.