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(H18) Pressure on 21 & 200-DMAs *RES.....>

JGB TECHS
JGB TECHS: (H18) Pressure on 21 & 200-DMAs 
*RES 4: 150.77 - 55-DMA
*RES 3: 150.63 - 200-DMA
*RES 2: 150.57 - 21-DMA
*RES 1: 150.56 - High Jan 15
*PRICE: 150.51 @ 2030GMT
*SUP 1: 150.48 - Hourly resistance Jan 23 now support 
*SUP 2: 150.41 - High Jan 22 now support 
*SUP 3: 150.25 - 2018 Low Jan 18 
*SUP 4: 150.19 - Low Oct 23
*COMMENTARY: The lack of follow through on last week's 3mth lows has provided
the impetus for a correction that sees immediate pressure back on 21 & 55-DMAs.
Bulls now look for a close above the 200-DMA to end bearish hopes and shift
initial focus to 150.74-84 where 55 & 100-DMAs are noted. A close above 150.84
is needed to target 151.19-21. Bears now need a close below 150.41 to ease
pressure on resistance layers.

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