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(H0): Weaker Again *RES 3: 153.55 -.......>

JGB TECHS
JGB TECHS: (H0): Weaker Again
*RES 3: 153.55 - High Nov 28 and key resistance
*RES 2: 153.21 - 100-dma
*RES 1: 153.13 - High Jan 31
*PRICE: 152.59 @ 16:16 GMT, Feb 12
*SUP 1: 152.35 - 50-dma
*SUP 2: 151.62 - Contract lows, Dec 20
*SUP 3: 151.11 - 76.4% retracement of August 2018 - September 2019 Rally
JGBs took a further knock Wednesday and re-circled on 50-dma support. This keeps
this level top-of-mind for bears. To re-ignite bullish momentum, a break and
close above the 100- and 200-dmas layered just above would shift the outlook
nicely positive, but 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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