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(H0): Pressuring Top End of Range *RES....>

JGB TECHS
JGB TECHS: (H0): Pressuring Top End of Range
*RES 3: 153.55 - High Nov 28 and key resistance
*RES 2: 153.13 - High Jan 31
*RES 1: 153.09 - 100-dma
*PRICE: 152.95 @ 16:08 GMT, Feb 24
*SUP 1: 152.34 - 50-dma
*SUP 2: 151.62 - Contract lows, Dec 20
*SUP 3: 151.11 - 76.4% retracement of August 2018 - September 2019 Rally
JGBs are pressuring the top end of the recent range to start off the week,
maintaining the erratic rally seen in the Thursday/Friday sessions. The 100-dma
sits at 153.09, 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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