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(M0): Stable for Now *RES 3: 156.02 -.....>

JGB TECHS
JGB TECHS: (M0): Stable for Now
*RES 3: 156.02 - High Mar 10 and key resistance
*RES 2: 154.56 - High Mar 13
*RES 1: 153.50 - High Mar 16
*PRICE: 152.06 @ 16:22 BST, Apr 20
*SUP 1: 150.70 - 1.0% 10-dma envelope
*SUP 2: 150.61 - Low Mar 19
*SUP 3: 150.00 - Psychological round number
JGB futures remain within the recent range, doing little to alter the technical
outlook. A break north of the Mar 16 high at 153.50 will be needed to switch the
outlook more positive. Downside pressure was recently cemented with the break of
the recent 151.52 low, which opens 150.61 next as well as the psychological
150.00 handle further out. On the upside, initial resistance is seen at 153.50,
Mar 16 high.

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