(U0): Uptrend Established *RES 3:.........>

JGB TECHS: (U0): Uptrend Established

*RES 3: 153.06 - High Mar 31 and key resistance

*RES 2: 152.78 - 200-dma

*RES 1: 152.50 - HIgh Jul 17 and the bull trigger

*PRICE: 152.35 @ 18:21 BST, Jul 20

*SUP 1: 151.57 - Low Jul 2 and key support

*SUP 2: 151.26 - Jun 8 low

*SUP 3: 150.61 - Low Mar 19 and key support

JGBs are holding onto recent gains that have cemented the uptrend since the

early July low. The recent break of 152.29, Jun 12 and Jul 13 high confirms a

bullish price sequence of higher highs and higher lows reinforcing the current

positive theme. Continued gains would pave the way for a climb towards the

200-dma at 152.78 as well as the longer-term target of 153.06. Key support has

been defined at 151.57, Jul 2 low.