Free Trial

(Z9) Sustains bounce *RES 3: 155.53 -.....>

JGB TECHS
JGB TECHS: (Z9) Sustains bounce
*RES 3: 155.53 - Cycle High
*RES 2: 155.33 - 1.0% Upper Bollinger Band
*RES 1: 155.25 - Sep 9 High
*PRICE: 154.74 @ 15:35 GMT, Sep 20
*SUP 1: 153.49 - Aug 2 Low
*SUP 2: 153.18 - 200-dma
*SUP 3: 153.04 - 1.0% 10-dma envelope
Last week's trade extended recent volatility in JGB futures, with the 50-dma
still seeming to act as an anchor. This keeps the outlook more neutral, with a
climb above the Sep9 high at 155.25 needed to shift the outlook positive. Bears
can easily tip the balance back to negative, with vol band support at 153.04 the
medium-term target. The 200-dma remains well within range for bears.

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.