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(M9) Shies Further From Uptrendline.......>

JGB TECHS
JGB TECHS: (M9) Shies Further From Uptrendline
*RES 3: 154.01 - 28 July 2016 High
*RES 2: 153.80 - 29 August 2016 High
*RES 1: 153.00 - Up trendline Resistance
*PRICE: 152.84 @ 15:43 GMT, Mar 13
*SUP 1: 152.68 - 50-DMA
*SUP 2: 152.41 - 6 March Low
*SUP 3: 151.91 - 100-DMA
Thursday trade was particularly quiet, providing few new technical signals. Up
trendline resistance at 153.00 remains the first target for bulls, who need to
recover above here to regain momentum that has petered out slightly over the
past fortnight. Any recovery above the mark opens 153.80 in the medium-term and
the 28 July 2016 high at 154.01. To the downside, the 23.6% retracement level at
152.23 remains in view, but the 50-dma remains key support at 152.67 ahead of
the 100-dma & Dec 13 low at 151.88/51.

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