Free Trial

(Z9) Falters Further: *RES 3: 155.60 -....>

JGB TECHS
JGB TECHS: (Z9) Falters Further:
*RES 3: 155.60 - 2.0% Upper Bollinger Band
*RES 2: 155.53 - Cycle High
*RES 1: 155.48 - Recovery high
*PRICE: 154.70 @ 15:01 GMT, Oct 10
*SUP 1: 154.15 - 100-dma
*SUP 2: 153.49 - Aug 2 Low
*SUP 3: 153.37 - 1.0% 10-dma envelope
Another pullback for JGB futures resulted in the 50-dma support giving way
Thursday, opening an extended move lower and a revisit of the lower 154's. Cycle
highs are fading from view in rapid fashion. This negates the bullish break of
155.00 last week, weakening the outlook. For bulls to regain any control from
here, bulls need to reclaim 155.26 before re-targeting the cycle highs.

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.