Fxwirepro: Jgbs Technical Assessment: Weekly Momentum Bearish

With a break below 150, which lead the price to 149 followed by 148 further out. The pair may stall around the price 150. Back above 152 will force to revalue.

 RES 3:                   153.000  **

 RES 2:                   152.000  **

 RES 1:                   151.500  **

 30-Dec            LAST   150.200

 SUP 1:                   149.000  *

 SUP 2:                   148.000  *

 SUP 3:                   147.000  **

 Japanese Government bonds (JGBs) analysis bias:

 1-Week Objective: DOWN to 149: Conviction: Strong

 4-Week Objective: DOWN to 147 : Conviction: Weak

The material has been provided by InstaForex Company – www.instaforex.com

The post Fxwirepro: Jgbs Technical Assessment: Weekly Momentum Bearish appeared first on forexnewstoday.net.

You may also like