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(H9) Mid-Range *RES 3: 154.01 - 28 July...>

JGB TECHS
JGB TECHS: (H9) Mid-Range
*RES 3: 154.01 - 28 July 2016
*RES 2: 152.89 - 76.4% 154.01-149.28
*RES 1: 152.99 - Jan4 High
*PRICE: 152.56 @ 16:20 GMT, Jan15
*SUP 1: 152.11 - 23.6% 149.75 - 152.84
*SUP 2: 151.33 - 50-DMA
*SUP 3: 150.79 - 100-DMA
After a slightly firmer session Monday, prices played the range for much of the
Tuesday session, keeping the broader outlook unchanged. The 50% retracement
level for the 152.99-152.31 move at 152.65 remains as first resistance and a
climb through here may trigger the momentum required to see prices retest the
year's best levels. Momentum indicators are undeterred and continue to tilt
higher with the 2016 highs of 154.01 the medium-term target. On the downside,
bears need to clear the 151.54 50-dma to return the outlook to anything near
neutral.

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