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(U0): Still Below Mid-June Highs *RES.....>

JGB TECHS
JGB TECHS: (U0): Still Below Mid-June Highs
*RES 3: 153.50 - High Mar 16
*RES 2: 153.06 - High Mar 31 and key resistance
*RES 1: 152.29 - HIgh Jun 12 / Jul 10
*PRICE: 152.17 @ 17:04 BST, Jul 14
*SUP 1: 151.18 - Jun 8 low
*SUP 2: 150.61 - Low Mar 19 and key support
*SUP 3: 150.50 - 1.0% 10-dma envelope
The uptrend in JGBs has carried through the Tuesday session to secure a move
back above 152. This still remains below last week's and the mid-June highs of
152.29, however, with this level becoming the first upside target. The recovery
off 151.57 has persisted and signals scope for a rally through 152.29 to open
153.06 initially. The rally through the 50-dma at 152.16 represents a bullish
development. Key supports for now has been defined at 151.18.

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