Long-Term Levels
- 144.28 Daily 23.6% Fibonacci
- 143.94 Last week’s High
- 143.67 Weekly 23.6% Fibonacci
- 143.46 55 Week Moving Average
- 143.20 2 Year Up Trend Line
- 143.15 Daily 50% Fibonacci
- 142.66 Weekly 38.2% Fibonacci
- 142.64 Daily 61.8% Fibonacci
- 142.49 100 Week Moving Average
- 141.84 Weekly 50% Fibonacci
JGB’s broke higher as predicted as we head towards the next target and resistance at 144.47. This should be enough of a recovery so we look to exit longs here and try shorts with a stop and reverse above 144.55 for a move towards 144.71, possibly 144.83.
Short term we are very overbought so a drift back to 144.20/10 could be seen today. Watch for a low for the day here but go with a break lower for 143.95/91.