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(M9) Neutral Start to the Week *RES 3:....>

JGB TECHS
JGB TECHS: (M9) Neutral Start to the Week
*RES 3: 153.34 - Mar28 High
*RES 2: 152.94 - 38.2% 153.34 - 152.70
*RES 1: 152.79 - 50-DMA
*PRICE: 152.52 @ 14:52 BST, Apr 22
*SUP 1: 152.33 - 6 March Low
*SUP 2: 152.04 - 3% Lower Bollinger Band
*SUP 3: 151.97 - 38.2% 149.75 - 153.34
JGBs began the week in a muted fashion with sporadic market closures for the
Easter extended weekend. Bulls need to reclaim the 50-dma at 152.79 to gain a
stronger foothold, but momentum trends suggest further downside for now. Bears
looks to take out last week's lows at 152.32 before the 3% lower Bollinger Band
at 152.04, which would indicate a more solid bearish breakout. BoJ's quarterly
outlook report due this week provides the next catalyst.

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