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(H9) Momentum Returns *RES 3: 154.01 -....>

JGB TECHS
JGB TECHS: (H9) Momentum Returns
*RES 3: 154.01 - 28 July 2016
*RES 2: 152.99 - Jan4 High
*RES 1: 152.92 - Feb8 High
*PRICE: 152.78 @ 16:13 GMT, Feb 14
*SUP 1: 152.33 - 50-DMA
*SUP 2: 152.23 - 23.6% 149.75 - 152.99
*SUP 3: 151.41 - 100-DMA
Feb8 highs are now in view following disappointing Japanese GDP data, with
bullish momentum picking up in earnest in the Thursday session. A break above
152.92 opens the YTD highs of 152.99 before 154.01, the long-term target. For
bears to re-initiate any downside, next support kicks in at 152.23, marking the
23.6% Fib retracement for the 149.75-152.99 move.

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