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(M9) Remains in Second Gear *RES 3:.......>

JGB TECHS: (M9) Remains in Second Gear
*RES 3: 153.34 - Mar28 High
*RES 2: 153.01 - Apr11 High
*RES 1: 152.85 - 76.4% 153.01 - 152.32
*PRICE: 152.75 @ 16:52 BST, May 17
*SUP 1: 152.42 - 2% Lower Bollinger Band
*SUP 2: 152.33 - 6 March Low
*SUP 3: 151.97 - 38.2% 149.75 - 153.34
Friday trade was quiet, with JGB futures respecting the recent range. Prices
remain wedged between the 100-dma support at 152.68 and the 152.77 50-dma to the
upside and momentum will need to pick up in either direction to confirm a
breakout. Any break higher opens the 152.94 Fib resistance as the first target,
followed by the Mar28 high at 153.01. A break below the 100-dma will target
152.60 ahead of the April lows at 152.32.

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