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50-dma Remains Key Support *RES 3:........>

JGB TECHS
JGB TECHS: 50-dma Remains Key Support
*RES 3: 153.55 - High Nov 28 and key resistance
*RES 2: 153.24 - 100-dma
*RES 1: 153.13 - High Jan 31
*PRICE: 152.85 @ 16:28 GMT, Feb 11
*SUP 1: 152.37 - 50-dma
*SUP 2: 151.62 - Contract lows, Dec 20
*SUP 3: 151.11 - 76.4% retracement of August 2018 - September 2019 Rally
JGBs recovered further Tuesday as sentiment remains shaky across Asian markets.
This keeps the 50-dma as support on a closing basis. To re-ignite bullish
momentum, a break and close above the 100- and 200-dmas layered just above would
shift the outlook nicely positive, but the risk of a pullback still looms large
at present levels. For bears to recapture any momentum, a close below the 50-dma
would be needed, opening 151.62 and the 151.11 mark beyond.

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