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(M9) 50-dma Dictates *RES 3: 153.34 -.....>

JGB TECHS: (M9) 50-dma Dictates
*RES 3: 153.34 - Mar28 High
*RES 2: 153.01 - Apr11 High
*RES 1: 152.85 - 76.4% 153.01 - 152.32
*PRICE: 152.83 @ 16:23 BST, May 14
*SUP 1: 152.40 - 2% Lower Bollinger Band
*SUP 2: 152.33 - 6 March Low
*SUP 3: 151.97 - 38.2% 149.75 - 153.34
A seventh consecutive session either side of the 50-dma, which continues to keep
JGB futures anchored. Meaningful momentum in either direction is now needed to
change the short-term picture, which is wholly neutral for now. To the upside,
152.94 Fib resistance is the first target, followed by the Mar28 high at 153.01.
A break below the 100-dma at 152.65 will be needed to re-assert any bearish

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