(M9) Losses Accelerating Below 50-dma.....>

JGB TECHS: (M9) Losses Accelerating Below 50-dma

*RES 3: 153.34 - Mar28 High

*RES 2: 152.94 - 38.2% 153.34 - 152.70

*RES 1: 152.82 - 50-dma

*PRICE: 152.54 @ 16:39 BST, Apr 15

*SUP 1: 152.57 - 76.4% 152.33 - 153.34

*SUP 2: 152.42 - 100-DMA

*SUP 3: 152.33 - 6 March Low

After the 50-dma gave way last week, bears took out further firm Fib support at

the 152.57 mark Monday, opening a move toward the 100-dma at 152.44. A break

below this mark will cement the near-term outlook as negative. There's still a

fair bit of downside to go before JGBs begin to flash oversold, suggesting this

move could have some legs. A recovery above 153.01 is needed to stem the flow,

before bulls can begin to reconsider recent cycle highs at 153.34.