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Inching Higher *RES 3: 154.80 - 1.0%......>

JGB TECHS
JGB TECHS: Inching Higher
*RES 3: 154.80 - 1.0% 10-dma moving average
*RES 2: 153.93 - High Nov 6
*RES 1: 153.64 - High Nov 21
*PRICE: 153.41 @ 17:00 GMT, Nov 26
*SUP 1: 152.79 - Low Nov 14
*SUP 2: 152.44 - Low Nov 13 and key support
*SUP 3: 152.39 - 1.618 projection of Sep 4 - Sep 17 decline from Sep 25 high
After finishing the week broadly flat, with all mini-rallies proving short-lived
after the print up at 153.64. This saw prices correct back lower, but nearby
support lines remained untroubled. The Nov 6 high at 153.93 becomes the next
target. A failure here could see the return of bearish behaviour. This would
signal scope for a retest of last weeks low at 152.44. A break here would
confirm a resumption of the recent downtrend.

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