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(H9) YTD Highs In View *RES 3: 154.01 -...>

JGB TECHS
JGB TECHS: (H9) YTD Highs In View
*RES 3: 154.01 - 28 July 2016
*RES 2: 152.99 - Jan4 High
*RES 1: 152.83 76.4% 152.99 - 152.31
*PRICE: 152.80 @ 16:29 GMT, Jan31
*SUP 1: 152.11 - 23.6% 149.75 - 152.84
*SUP 2: 151.33 - 50-DMA
*SUP 3: 150.79 - 100-DMA
JGB futures edged closer toward the year's best levels Thursday as the Fed's
somewhat dovish turn proved to a boon for prices. This continues to favour bulls
in momentum terms for now. To add to these 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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