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JGB TECHS: (Z9) Retracement Continues:....>

JGB TECHS
JGB TECHS: JGB TECHS: (Z9) Retracement Continues:
*RES 3: 155.53 - 2.0% Upper Bollinger Band
*RES 2: 155.53 - Cycle High
*RES 1: 155.48 - Recovery high
*PRICE: 154.33 @ 18:30 GMT, Oct 16
*SUP 1: 154.20 - 100-dma
*SUP 2: 153.49 - Aug 2 Low
*SUP 3: 153.27 - 1.0% 10-dma envelope
The pullback in global fixed income markets continues, which resulted in the
50-dma support giving way last week, which markets have followed with an
extended move lower and a revisit of the lower 154's. Cycle highs are fading
from view - quickly. This negates the bullish break of 155.00 last week,
weakening the outlook with the 100-dma coming into view. For bulls to regain any
control from here, bulls need to reclaim 155.26 before re-targeting the cycle
highs.

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