JGB TECHS: (U5) Bear Threat Still Present

• 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: 138.52 @ 15:08 BST Aug 11
• SUP 1: 137.32 - Low Jul 25
• 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 rallied sharply alongside global bond markets on the back of the NFP print, piercing mid-week resistance in the process. The first important resistance to watch remains 141.48, the May 2 high. A break of this level would be viewed as an early bullish signal. A return lower would signal scope for an extension towards 136.57, a Fibonacci projection. 

• Hong Kong to Sell HK$64.605 Billion 91-Day Bills
• Hong Kong to Sell HK$16 Billion 182-Day Bills
• Hong Kong to Sell HK$3 Billion 364-Day Bills
• Bank Indonesia to Sell 32D SVBI Bills
• Bank Indonesia to Sell 274D SVBI Bills
• Bank Indonesia to Sell 92D SVBI Bills
• Bank Indonesia to Sell 188D SVBI Bills
• Bank Indonesia to Sell 365D SVBI Bills
• MAS to Sell S$15.2 Billion 28-Day Bills on Aug. 12
• MAS to Sell S$22.2 Billion 84-Day Bills on Aug. 12
• Taiwan to Sell NT$25 Billion 10-Year Bonds
• Indonesia To Sell 2036 Bonds (FR0108)
• Indonesia To Sell 2040 Bonds (FR0106)
• Indonesia To Sell 2031 Bonds (FR0109)
• Indonesia To Sell 2045 Bonds (FR0107)
• Indonesia To Sell 2064 Bonds (FR0105)
• Indonesia To Sell 2054 Bonds (FR0102)
• Indonesia To Sell 364D Bills (SPN12260813)
• Indonesia To Sell 90D Bills (SPN03251112)

source: Bloomberg Finance LP /  MNI