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(Z2) Weaker into the Close

  • RES 3: 152.26 - High Dec 7 / 21 2021
  • RES 2: 151.13 - High Mar 3
  • RES 1: 150.81 - High Aug 5
  • PRICE: 148.47 @ 14:44 BST Oct 7
  • 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

JGB strength topped out at the week’s highs of 149.20, reversing into the weekly close and keeping the focus pointed lower. Any further weakness puts prices within range of support at 148.11, the Sep 7 low and a break would confirm a resumption of the bear cycle. Resistance for now remains intact at 150.81, the Aug 5 high.

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