(H0): Strikes New 2020 Highs *RES 3:......>

JGB TECHS: (H0): Strikes New 2020 Highs

*RES 3: 153.55 - High Nov 28 and key resistance

*RES 2: 153.38 - 100-dma

*RES 1: 153.13 - High Jan 31

*PRICE: 153.09 @ 16:20 GMT, Jan 31

*SUP 1: 152.45 - 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.