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(H9) Weak Close *RES 3: 154.01 - 28.......>

JGB TECHS
JGB TECHS: (H9) Weak Close
*RES 3: 154.01 - 28 July 2016
*RES 2: 152.89 - 76.4% 154.01-149.28
*RES 1: 152.99 - Jan4 High
*PRICE: 152.41 @ 16:47 GMT, Jan18
*SUP 1: 152.11 - 23.6% 149.75 - 152.84
*SUP 2: 151.33 - 50-DMA
*SUP 3: 150.79 - 100-DMA
After trading in a particularly tight range for much of the week, prices broke
lower late Friday, pressing materially through 152.50 for the first time since
Jan10. This sets up bears nicely for the Monday session to target the 152.11
level, the 23.6% retracement of the 149.75-152.84 move. To the upside, bulls
need to clear the 50% retracement level for the 152.99-152.31 move at 152.65 and
a climb through here may trigger the momentum required to see prices retest the
year's best levels. Momentum indicators are undeterred and continue to tilt
higher with the 2016 highs of 154.01 the medium-term target.

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