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(H0): Outright Bearish *RES 3: 153.55 -...>

JGB TECHS
JGB TECHS: (H0): Outright Bearish
*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: 151.74 @ 15:35 GMT, Dec 23
*SUP 1: 151.62 - Contract lows, Dec 20
*SUP 2: 151.11 - 76.4% August 2018 - September 2019 Rally
*SUP 3: 150.61 - 1.0% lower 10-dma envelope
The outlook for JGB futures flipped to outright bearish Friday as losses
persisted into the close. This opens renewed pressure south of the 151.00 handle
to levels not seen since December last year. 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 151.11 Fib retracement. A break here
would open the 1.0% lower 10-dma envelope at 150.61.

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