Free Trial

(Z9) Upside momentum peters out *RES 3:...>

JGB TECHS
JGB TECHS: (Z9) Upside momentum peters out
*RES 3: 155.80 - 2.0% Upper Bollinger Band
*RES 2: 155.53 - Cycle High
*RES 1: 155.48 - Recovery high
*PRICE: 155.18 @ 15:30 GMT, Sep 27
*SUP 1: 153.49 - Aug 2 Low
*SUP 2: 153.27 - 200-dma
*SUP 3: 153.22 - 1.0% 10-dma envelope
Cycle highs remain on the cards for bulls, but momentum faltered into the
tail-end of the week as recent upside couldn't be sustained. Bulls retain their
sights on 155.53 and the Vol band resistance beyond. This week's moves keep the
near-term outlook constructive with the confirmed close above the 50-dma also
helping bulls. Bears can easily tip the balance back to negative, with vol band
support at 153.22 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.