(M9) Focus Turns Higher on Global Bond....>

JGB TECHS: (M9) Focus Turns Higher on Global Bond Rally

*RES 3: 153.34 - Mar28 High

*RES 2: 153.01 - Apr11 High

*RES 1: 152.95 - 61.8% 153.34 - 152.32

*PRICE: 152.86 @ 16:32 BST, May 23

*SUP 1: 152.53 - 2% Lower Bollinger Band

*SUP 2: 152.33 - 6 March Low

*SUP 3: 151.97 - 38.2% 149.75 - 153.34

JGB futures took out resistance ahead of the 152.85 Fib retracement to hit the

highest level since May 16th. This shifts bullish targets higher, initially

targeting the Apr 26 high at 152.90 ahead of the next key Fib retracement at

152.95. Bears eye a break out of the 2% lower Bollinger Band to trigger any

down-move (152.53) before targeting the March 6 low at 152.33. as the first

target. The 50-dma is unlikely to provide any support at 152.79, with the

100-dma at 152.71 likely more influential.