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(H0): Has Stabilised *RES 3: 153.55 -.....>

JGB TECHS
JGB TECHS: (H0): Has Stabilised
*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: 152.13 @ 19:48 GMT, Dec 30
*SUP 1: 151.62 - Contract lows, Dec 20
*SUP 2: 151.11 - 76.4% retracement of August 2018 - September 2019 Rally
*SUP 3: 150.51 - 1.0% lower 10-dma envelope
JGB futures are consolidating following the recent recovery off the Dec 23 low
of 151.62. The underlying trend remains bearish and the focus is on an eventual
break of 151.62 to open 151.48 and 151.18, 0.764 and 1.00 Fibonacci projection
levels of the decline between Dec 4 - Dec 10 from the Dec 11 high, ahead of the
151.11 Fibonacci retracement level. A break below the latter would open the 1.0%
lower 10-dma envelope at 150.51. Resistance is at 152.50.

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