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(H9) Remains Capped Ahead of Last.........>

JGB TECHS
JGB TECHS: (H9) Remains Capped Ahead of Last Week's High
*RES 3: 154.01 - 28 July 2016
*RES 2: 152.99 - Jan4 High
*RES 1: 152.83 76.4% 152.99 - 152.31
*PRICE: 152.64 @ 16:18 GMT, Jan30
*SUP 1: 152.11 - 23.6% 149.75 - 152.84
*SUP 2: 151.33 - 50-DMA
*SUP 3: 150.79 - 100-DMA
JGB futures continue to respect the tight recent ranges, but momentum remains in
favour of the bulls for now. This follows prices topping of 152.65 Fib
resistance Friday. To add to recent gains, JGBs need to clear 152.83, marking
the 76.4% retracement for the 152.99 - 152.31 move to trigger more momentum and
a move on the Jan4 high at 152.99. To the downside, bears target downside levels
at 152.11, the 23.6% retracement of the 149.75-152.84 move.

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