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(M9) Holds Recent Range *RES 3: 154.01....>

JGB TECHS
JGB TECHS: (M9) Holds Recent Range
*RES 3: 154.01 - 28 July 2016 High
*RES 2: 153.80 - 29 August 2016 High
*RES 1: 153.34 - Mar28 High
*PRICE: 153.19 @ 15:50 GMT, Mar29
*SUP 1: 152.77 - 50-DMA
*SUP 2: 152.41 - 6 March Low
*SUP 3: 152.20 - 100-DMA
The Friday session provided few new fresh signals with prices holding well
within the recent range. Momentum, however, continues to hold in favour of the
bulls, keeping the 29 August 2016 high at 153.80 in sight. Nonetheless, bears
could easily re-tip the balance to the downside by breaking through the 50-dma
support at 152.77. 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 152.20.

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