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(M9) Gains Further Above Uptrendline......>

JGB TECHS
JGB TECHS: (M9) Gains Further Above Uptrendline
*RES 3: 154.01 - 28 July 2016 High
*RES 2: 153.80 - 29 August 2016 High
*RES 1: 153.21 - Mar25 High
*PRICE: 153.15 @ 16:26 GMT, Mar 25
*SUP 1: 152.72 - 50-DMA
*SUP 2: 152.41 - 6 March Low
*SUP 3: 152.11 - 100-DMA
JGB bulls retained momentum at the beginning of the week (helped out by a 3%
plunge in the Nikkei 225), helping eke out another cycle high at 153.21. Bulls
currently have a relatively clear run on August 2016 highs at 153.80.
Nonetheless, bears could easily re-tip the balance to the downside by breaking
through the 50-dma support at 152.72. This increases the importance of this
support going forward. Below there, the 23.6% retracement level at 152.23
remains in view, with the 100-dma just below at 152.11.

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