Free Trial

(Z2) Holds Bounce Off Midweek Lows

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: 149.14 @ 15:11 BST Oct 4
  • 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 strength extended through the Tuesday session, bouncing further off the mid-week lows printed last week at 147.62. Resistance remains intact at 150.81, the Aug 5 high. Any return lower would 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.

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.