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(U0): 50-dma in Sight *RES 3: 154.56 -....>

JGB TECHS
JGB TECHS: (U0): 50-dma in Sight
*RES 3: 154.56 - High Mar 13
*RES 2: 153.50 - High Mar 16
*RES 1: 153.06 - High Mar 31 and key resistance
*PRICE: 152.04 @ 16:46 BST, Jun 17
*SUP 1: 151.06 - Low Mar 24
*SUP 2: 150.61 - Low Mar 19 and key support
*SUP 3: 150.41 - 1.0% 10-dma envelope
JGBs rallied well last week, but have faltered slightly over the first two
sessions this week. Nonetheless, prices remain close to the best levels but just
shy of the 50-dma at 152.23. A rally through here would be bullish, targeting
153.06 initially. Key supports are few and far between until 151.06, but more
importantly 150.61, which marks the March sell-off low.

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