Free Trial

(Z9): Attempting A Correction *RES 3:.....>

JGB TECHS
JGB TECHS: (Z9): Attempting A Correction
*RES 3: 153.93 - High Nov 6
*RES 2: 153.62 - Low Sep 17 and former breakout point
*RES 1: 153.12 - High Nov 12
*PRICE: 152.95 @ 19:46 GMT, Nov 13
*SUP 1: 152.44 Low Nov 13
*SUP 2: 152.39 - 1.618 projection of Sep 4 - Sep 17 decline from Sep 25 high
*SUP 3: 152.11 - 1.764 projection of Sep 4 - Sep 17 decline from Sep 25 high
JGB futures have recovered with a corrective theme developing following last
weeks sell-off. Initial resistance resides at 153.12, Nov 12 high where a break
is needed if we are to see a stronger bounce unfold near-term. This would open
the 153.62, Sep 17 low and former key breakout level. A failure ahead of 153.62
and a break below yesterday's 152.44 low would instead confirm a resumption of
the downtrend.

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.