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(U0): Retreats from the 50-dma *RES 3:....>

JGB TECHS
JGB TECHS: (U0): Retreats from the 50-dma
*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: 151.85 @ 16:54 BST, Jun 30
*SUP 1: 151.06 - Low Mar 24
*SUP 2: 150.61 - Low Mar 19 and key support
*SUP 3: 150.54 - 1.0% 10-dma envelope
JGBs suffered for a second session Tuesday, pulling well away from the 50-dma to
hit the lowest since early June. Prices are still well above the 151.18 level
which would unsettled bulls at this point, but consolidation looks the most
likely in the short-term. A rally through the 50-dma 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.
MarketsFixed Income Bullets
MarketsFixed Income Bullets

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