(H9) Upside Accelerates *RES 4: 152.89....>

JGB TECHS: (H9) Upside Accelerates

*RES 4: 152.89 - 76.4% 154.01-149.28

*RES 3: 152.81 - 3% Upper Bollinger Band

*RES 3: 152.50 - Intraday High

*PRICE: 152.47 @ 16:54 GMT, Dec 18

*SUP 1: 150.96 - 50-DMA

*SUP 2: 150.73 - 200-DMA

*SUP 3: 150.61 - 100-DMA

After a modest pause to the uptrend last week, bulls regained the reins from

Monday, with fresh cycle highs printed up at 152.50 - the highest price since

mid-2016. Further upside support may come from the 100-dma breaking above the

200-dma, further confirming medium-term upside momentum. In the near-term, bulls

look for a break above the 3% upper Bollinger Band at 152.81 and Fib resistance

ahead of 152.89. On the downside, bears need to clear the 100-dma to return the

outlook neutral, targeting a break of the Aug 2 spike low at 149.75.