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(Z2) Drifts Lower at Beginning of Week

JGB TECHS
  • RES 3: 152.26 - High Dec 7 / 21 2021
  • RES 2: 151.13 - High Mar 3
  • RES 1: 150.81 - High Aug 5
  • PRICE: 148.05 @ 15:23 BST Sep 23
  • SUP 1: 147.62 - Low Sep 27
  • SUP 2: 147.07 - Low Jun 20
  • SUP 3: 145.05 - Low Jun 16 and a key support

JGBs are returning lower to start the new week, drifting to touch 147.62 in early Tuesday trade. This keeps resistance intact at 150.81, the Aug 5 high. The continuation lower has put prices below support at 148.11, the Sep 7 low and confirms a resumption of the current bear cycle. This signals scope for a move towards 147.07, the Jun 20 low. Gains above 150.81 are required to reinstate a broader bullish theme.

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  • RES 3: 152.26 - High Dec 7 / 21 2021
  • RES 2: 151.13 - High Mar 3
  • RES 1: 150.81 - High Aug 5
  • PRICE: 148.05 @ 15:23 BST Sep 23
  • SUP 1: 147.62 - Low Sep 27
  • SUP 2: 147.07 - Low Jun 20
  • SUP 3: 145.05 - Low Jun 16 and a key support

JGBs are returning lower to start the new week, drifting to touch 147.62 in early Tuesday trade. This keeps resistance intact at 150.81, the Aug 5 high. The continuation lower has put prices below support at 148.11, the Sep 7 low and confirms a resumption of the current bear cycle. This signals scope for a move towards 147.07, the Jun 20 low. Gains above 150.81 are required to reinstate a broader bullish theme.