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(H9) Break of Trendline Support Ushers....>

JGB TECHS
JGB TECHS: (H9) Break of Trendline Support Ushers in Lower Lows
*RES 3: 154.01 - 28 July 2016
*RES 2: 152.99 - Jan4 High
*RES 1: 152.83 76.4% 152.99 - 152.31
*PRICE: 152.67 @ 16:00 GMT, Feb5
*SUP 1: 152.13 - 50-DMA
*SUP 2: 152.11 - 23.6% 149.75 - 152.84
*SUP 3: 151.26 - 100-DMA
With the trendline support at 152.69 breaking early Monday, JGBs touched lower
lows in the Tuesday session, putting bears in control of near-term price action.
Next support kicks in at 152.11, marking the 23.6% Fib retracement for the
149.75-152.84 move. Nonetheless, YTD highs of 152.99 remain tantalisingly close,
with the 76.4% Fib of the 152.99-152.31 move at 152.83 one of the few levels of
resistance. To the immediate downside, bears initially target 152.23, the 23.6%
retracement of the 149.75-152.99 move.

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