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(H9) Eighth Session of Lower Lows *RES....>

JGB TECHS
JGB TECHS: (H9) Eighth Session of Lower Lows
*RES 3: 154.01 - 28 July 2016
*RES 2: 153.80 - 29 August 2016 High
*RES 1: 153.13 - Up trendline Resistance
*PRICE: 152.46 @ 15:58 GMT, Mar 5
*SUP 1: 152.23 - 23.6% 149.75 - 153.00
*SUP 2: 151.75/51 - 100-DMA/Dec 13 low
*SUP 3: 151.16 - 200-DMA
The Tuesday session saw markets cement the near-term bearish trend with JGBs
consolidating the move below the 50-dma. This keeps the 23.6% retracement level
at 152.23 into view, ahead of the 100-dma & Dec 13 low at 151.75/51. Bulls need
to recover 153.00 to reignite upside momentum, targeting a break of trendline
resistance at 153.13, ahead of the Aug 29 2016 high at 153.80.

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