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(H0): Plays the Range *RES 3: 153.55 -....>

JGB TECHS
JGB TECHS: (H0): Plays the Range
*RES 3: 153.55 - High Nov 28 and key resistance
*RES 2: 153.38 - 100-dma
*RES 1: 153.13 - High Jan 31
*PRICE: 153.02 @ 16:27 GMT, Feb 3
*SUP 1: 152.44 - 50-dma
*SUP 2: 151.62 - Contract lows, Dec 20
*SUP 3: 151.11 - 76.4% retracement of August 2018 - September 2019 Rally
Inline with other regional bond markets, JGBs hit a new 2020 high Friday,
extending the month's outperformance. A break and close above the 100- and
200-dmas layered just above would shift the outlook nicely bullish, but the risk
of a pullback still looms large at present levels. For bears to recapture any
momentum, a move back through the 50-dma would be needed, opening 151.62 and the
151.11 mark beyond.

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