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(M9) Wedged Between 50- and 100-DMA.......>

JGB TECHS
JGB TECHS: (M9) Wedged Between 50- and 100-DMA
*RES 3: 153.34 - Mar28 High
*RES 2: 152.94 - 38.2% 153.34 - 152.70
*RES 1: 152.80 - 50-DMA
*PRICE: 152.59 @ 15:54 BST, Apr 23
*SUP 1: 152.33 - 6 March Low
*SUP 2: 152.03 - 3% Lower Bollinger Band
*SUP 3: 151.97 - 38.2% 149.75 - 153.34
JGBs gained in sympathy with Aussie and US bond markets Wednesday, but prices
remain capped by the 50-dma at 152.80, which becomes the first target. This is
mirrored to the downside by the 100-dma, which becomes the first target for
bears. Any recovery north of the 152.80 mark opens Fib resistance at 152.94 and
the Mar28 high at 153.34.

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