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Consolidating Trend *RES 3: 153.34 -......>

JGB TECHS
JGB TECHS: Consolidating Trend
*RES 3: 153.34 - Mar28 High
*RES 2: 153.01 - Apr11 High
*RES 1: 152.95 - 61.8% 153.34 - 152.33
*PRICE: 152.86 @ 16:30 BST, May 24
*SUP 1: 152.55 - 2% Lower Bollinger Band
*SUP 2: 152.33 - 6 March Low
*SUP 3: 151.97 - 38.2% 149.75 - 153.34
JGB futures challenged but failed to close above yesterday's high at 152.89.
Despite this, the outright bullish trend remains intact with topside focus on a
break of the key Fib retracement at 152.95. Bears need to clear the 2% lower
Bollinger Band to trigger any down-move (152.55) before targeting the March 6
low at 152.33.

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