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(H9) Ranges Falling *RES 3: 154.01 - 28...>

JGB TECHS
JGB TECHS: (H9) Ranges Falling
*RES 3: 154.01 - 28 July 2016
*RES 2: 153.80 - 29 August 2016 High
*RES 1: 153.13 - Uptrendline Resistance
*PRICE: 152.95 @ 16:28 GMT, Feb20
*SUP 1: 152.40 - 50-DMA
*SUP 2: 152.23 - 23.6% 149.75 - 152.99
*SUP 3: 151.46 - 100-DMA
After printing a long-legged Doji Tuesday, ranges consolidated for much of the
Wednesday session, keeping the onus still on the upside and fresh contract
highs. This makes all-time highs at 154.01 a serious prospect. Resistance
layered between today's price and the all-time high is few and far between with
only the 29 August 2016 high at 153.80 and uptrend resistance at 153.13 on tap.
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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