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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: 152.75 @ 16:20 GMT, Feb 6
*SUP 1: 152.13 - 50-DMA
*SUP 2: 152.11 - 23.6% 149.75 - 152.84
*SUP 3: 151.26 - 100-DMA
Despite breaking trendline support Monday, JGBs recouped some of the modest
losses suffered this week to crawl back over 152.70. For bears to re-initiate
any downside, 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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