(H0): Another Day, Another Low *RES 3:....>

JGB TECHS: (H0): Another Day, Another Low

*RES 3: 153.55 - High Nov 28 and key resistance

*RES 2: 153.11 - High Dec 4

*RES 1: 152.50 - High Dec 9

*PRICE: 151.87 @ 16:08 GMT, Dec 19

*SUP 1: 151.82 - Contract lows, Dec 19

*SUP 2: 151.69/52 - Fibonacci projections of Nov 28 - Dec 3 decline from Dec 4

high.

*SUP 3: 150.67 - 1.0% 10-dma envelope

JGBs weakened further Thursday, reinforcing the bearish tone as fresh contract

lows were printed down at 151.82. A clear downtrend remains in place though with

a price sequence of lower lows and lower highs evident. The trigger for a fresh

round of weakness turns to the 151.69 Fib projection. A break here would confirm

a resumption of the downtrend and open 151.52, the 1.236 and 1.382 projections

of the decline between Nov 28 - Dec 3 from the Dec 4 high. Initial resistance is

at 152.50.