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(M9) Price Action Pauses *RES 3: 154.01...>

JGB TECHS
JGB TECHS: (M9) Price Action Pauses
*RES 3: 154.01 - 28 July 2016 High
*RES 2: 153.80 - 29 August 2016 High
*RES 1: 153.22 - Mar26 High
*PRICE: 152.94 @ 16:11 GMT, Mar 26
*SUP 1: 152.73 - 50-DMA
*SUP 2: 152.41 - 6 March Low
*SUP 3: 152.13 - 100-DMA
Having added an extra tick to the recent cycle highs, JGB bulls remain on the
front foot, but price action petered out slightly throughout the Tuesday
session. A recovery above the 153.22 mark provides markets with 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 152.73.
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 152.13.

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