Free Trial

(Z3) Just Above Fresh Pullback Low

JGB TECHS
  • RES 3: 148.74 - High Jul 24
  • RES 2: 147.21 - High Aug 9
  • RES 1: 146.41 - High Sep 4
  • PRICE: 144.23 @ 15:55 GMT Nov 06
  • SUP 1: 143.44 - Low Oct 31
  • SUP 2: 143.29 - 2.618 proj of the Mar 22 - Apr 18 - May 12 swing
  • SUP 3: 142.83 - 1.0% 10-dma envelope

JGBs steadied into the Friday close having printed a new pullback low at 143.57, mid-week. The continuation lower and the clear break confirms a resumption of the medium-term downtrend and paves the way for weakness towards 143.29, the 2.618 proj of the Mar 22 - Apr 18 - May 12 swing. On the upside, clearance of 146.41, the Sep 4 high would instead highlight a base and a possible short-term reversal.

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.