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(M9) Uptrendline Resistance Cracks *RES...>

JGB TECHS
JGB TECHS: (M9) Uptrendline Resistance Cracks
*RES 3: 154.01 - 28 July 2016 High
*RES 2: 153.80 - 29 August 2016 High
*RES 1: 153.18 - Mar22 High
*PRICE: 153.17 @ 16:45 GMT, Mar 22
*SUP 1: 152.71 - 50-DMA
*SUP 2: 152.41 - 6 March Low
*SUP 3: 152.08 - 100-DMA
JGB futures had another leg higher Friday on the back of the global bond rally,
tipping JGB futures over the uptrendline resistance that's kept a lid on prices
for the past few weeks. This gives bulls a clear run on the 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 152.71. This increases the importance of
this support line going forward. Below there, the 23.6% retracement level at
152.23 remains in view, with the 100-dma just below at 152.08.

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