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(H0): Mid-Range *RES 3: 153.55 - High.....>

JGB TECHS
JGB TECHS: (H0): Mid-Range
*RES 3: 153.55 - High Nov 28 and key resistance
*RES 2: 153.11 - 100-dma
*RES 1: 153.13 - High Jan 31
*PRICE: 152.74 @ 16:38 GMT, Feb 20
*SUP 1: 152.32 - 50-dma
*SUP 2: 151.62 - Contract lows, Dec 20
*SUP 3: 151.11 - 76.4% retracement of August 2018 - September 2019 Rally
JGBs held at around the middle of the week's range Thursday after the erratic
rally earlier in the week. This negates any of the bullish signals that had
emerged, with dmas still marking both the upside and downside targets. The
100-dma sits at 153.11, which acts as a bull trigger going forward. Nonetheless,
the risk of a pullback still looms large at present levels. For bears to
recapture any momentum, a close below the 50-dma is needed, opening 151.62 and
the 151.11 mark beyond.

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