JGB TECHS: (M5) Trading Closer To Its Recent Lows
- RES 3: 147.74 - High Jan 15 and bull trigger (cont)
- RES 2: 146.53 - High Aug 6
- RES 1: 141.48/142.95 - High May 2 / High Apr 7
- PRICE: 139.14 @ 16:31 GMT May 20
- SUP 1: 138.77 - 1.0% 10-dma envelope
- SUP 2: 136.57 - 1.382 proj of the Jan 28 - Feb 20 - Feb 26 bear leg
- SUP 3: 134.89 - 2.000 proj of the Jan 28 - Feb 20 - Feb 26 bear leg
JGBs are trading just above their recent lows and for now, a bearish theme remains intact following the reversal that started Apr 7. A continuation lower would signal scope for an extension towards 136.57, a Fibonacci projection. On the upside, a reversal higher would instead refocus attention on 142.95, the Apr 7 high. The first important resistance to watch is 141.48, the May 2 high. A break of this level would be viewed as an early bullish signal.
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| 1900GMT | 0800HKT | 1000AEDT | South Korea Exports 20 days YoY MAR |
| 1900GMT | 0800HKT | 1000AEDT | South Korea Imports 20 days YoY MAR |
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| 2300GMT | 1200HKT | 1400AEDT | Indonesia Exports YoY MAR |
| 2300GMT | 1200HKT | 1400AEDT | Indonesia Imports YoY MAR |
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0000GMT 0800HKT 1000AEDT South Korea Exports/Imports 20-days April
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0200GMT 1000HKT 1200AEDT South Korea Sells 5-Yr Bonds
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