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(H9) Reflecting on a Volatile Week *RES...>

JGB TECHS
JGB TECHS: (H9) Reflecting on a Volatile Week
*RES 3: 154.01 - 28 July 2016
*RES 2: 152.89 - 76.4% 154.01-149.28
*RES 1: 152.84 - Dec19 High
*PRICE: 152.29 @ 16:26 GMT, Dec 21
*SUP 1: 152.11 - 23.6% 149.75 - 152.84
*SUP 2: 151.00 - 50-DMA
*SUP 3: 150.63 - 100-DMA
It's been a difficult few sessions for technical trading in JGBs, with the
mid-week surge in volatility blowing out near-term resistance and support
levels, but markets should calm somewhat over the holiday period. The erratic
price action, however, does little to change the medium- and long-term view,
which continues to point higher, with upside support possibly coming from the
100-dma breaking above the 200-dma in the coming sessions. In the near-term,
bulls look for a break above the 76.4% fib retracement level at 152.89 and fresh
multi-year highs.

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