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(Z2) Support Remains Exposed

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: 148.42 @ 15:49 BST Sep 19
  • SUP 1: 148.11 - Low Sep 7
  • SUP 2: 147.07 - Low Jun 20
  • SUP 3: 145.05 - Low Jun 16 and a key support

JGBs remain below the Sep 14 high and the pullback keeps prices off the first resistance at the well-defined parameter of 150.81, the Aug 5 high. A continuation lower would expose support at 148.11, the Sep 7 low where a break would confirm a resumption of the current bear cycle and signal scope for a move towards 147.07, the Jun 20 low. Gains above 150.81 are required to reinstate a broader bullish theme.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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