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(M9) Back Above 50-dma *RES 3: 153.80 -...>

JGB TECHS
JGB TECHS: (M9) Back Above 50-dma
*RES 3: 153.80 - 29 August 2016 High
*RES 2: 153.34 - Mar28 High
*RES 1: 152.94 - 38.2% 153.34 - 152.70
*PRICE: 152.88 @ 15:56 GMT, Apr 8
*RES 1: 152.81 - 50-DMA
*SUP 2: 152.57 - 76.4% 152.33 - 153.34
*SUP 3: 152.33 - 6 March Low/100-DMA
JGB futures didn't spend long sitting below the 50-dma and rapidly re-took the
mark Monday thanks to a poor showing from Japanese equities. As a result, bulls
switch their initial targets to 152.94 and 153.02 before recent cycle highs of
153.34 can be considered. Markets may find some support at the 76.4% Fib
retracement for the 152.33 - 153.34 move at 152.57.

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