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Continues To Correct *RES 4: 150.85 -.....>

JGB TECHS
JGB TECHS: Continues To Correct
*RES 4: 150.85 - 21-DMA
*RES 3: 150.83 - 55-DMA
*RES 2: 150.79 - High July 25
*RES 1: 150.65 - 100-DMA
*PRICE: 150.42 @ 18:27 GMT
*SUP 1: 149.65 - Spike Low Jul 7, 17 (Continuation chart)
*SUP 2: 149.38 - Spike Low Dec 2, 16 (Continuation chart)
*SUP 3: 149.28 - Spike Low Feb 3, 17 (Continuation chart)
*SUP 4: 148.65 - High Jan 19, 15 (Continuation chart)
Further strength in global bond markets saw Sep-18 futures break the week's
range and trade through Fib resistance to touch 150.43. As a result, short-term
momentum remains in bulls' favour following the recovery through the 150.24/27
area. With 150.40 resistance taken out, the technical damage caused by the
BoJ-inspired drop at the beginning of the month is beginning to be repaired,
shifting focus to 150.79. Holding above 150.23 maintains the improving picture

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