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(H9) Dec Highs in Range *RES 3: 154.01....>

JGB TECHS
JGB TECHS: (H9) Dec Highs in Range
*RES 3: 154.01 - 28 July 2016
*RES 2: 152.89 - 76.4% 154.01-149.28
*RES 1: 152.84 - Dec19 High
*PRICE: 152.54 @ 14:35GMT, Dec28
*SUP 1: 152.11 - 23.6% 149.75 - 152.84
*SUP 2: 151.00 - 50-DMA
*SUP 3: 150.63 - 100-DMA
The volatility induced rally in mid-December topped out at 152.84 and the
progress JGBs have made since Christmas put this well within range in the coming
sessions. Those looking for an upside catalyst eye signals from the the 100-dma
breaking above the 200-dma in the coming sessions. In the medium-term, bulls
look for a break above the 76.4% fib retracement level at 152.89 and fresh
multi-year highs. On the downside, bears need to clear the 50-dma to return the
outlook to anything near neutral.

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