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(H0): New Highs Very Shortlived *RES 3:...>

JGB TECHS
JGB TECHS: (H0): New Highs Very Shortlived
*RES 3: 153.55 - High Nov 28 and key resistance
*RES 2: 153.11 - High Dec 4
*RES 1: 152.62 - High Jan 6
*PRICE: 152.21 @ 19:48 GMT, Jan 06
*SUP 1: 151.62 - Contract lows, Dec 20
*SUP 2: 151.11 - 76.4% retracement of August 2018 - September 2019 Rally
*SUP 3: 150.53 - 1.0% lower 10-dma envelope
After being closed for market holidays for several sessions, JGB futures gapped
higher on the resumption of trade, hitting 152.62 in the process. These gains
were shortlived, however, with priced reverting back to prior levels rapidly.
This keeps the underlying trend 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.

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