Free Trial

(Z9): Deflated *RES 3: 154.86 - 1.0%......>

JGB TECHS
JGB TECHS: (Z9): Deflated
*RES 3: 154.86 - 1.0% 10-dma moving average
*RES 2: 153.93 - High Nov 6
*RES 1: 153.64 - High Nov 21
*PRICE: 153.26 @ 16:15 GMT, Nov 28
*SUP 1: 152.79 - Low Nov 14
*SUP 2: 152.44 - Low Nov 13 and key support
*SUP 3: 152.39 - 1.618 projection of Sep 4 - Sep 17 decline from Sep 25 high
After finishing the week broadly flat, with all mini-rallies proving short-lived
after the print up at 153.64. This saw prices correct back lower, but nearby
support lines remained untroubled. The Nov 6 high at 153.93 becomes the next
target. A failure here could see the return of bearish behaviour. This would
signal scope for a retest of last weeks low at 152.44. A break here would
confirm a resumption of the recent 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.