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(U18) Continues To Correct *RES 4:........>

JGB TECHS
JGB TECHS: (U18) Continues To Correct
*RES 4: 150.85 - 21-DMA 
*RES 3: 150.83 - 55-DMA 
*RES 2: 150.79 - High July 25
*RES 1: 150.40 - 61.8% Retracement from 150.80/Aug13 High
*PRICE: 150.34 @ 1750 GMT 
*SUP 1: 149.65 - Spike Low Jul 7, 17 (Continuation chart) 
*SUP 2: 149.38 - Spike Low Dec 2, 16 (Continuation chart) 
*SUP 3: 149.28 - Spike Low Feb 3, 17 (Continuation chart)
*SUP 4: 148.65 - High Jan 19, 15 (Continuation chart)
Global bond rally (at the cost of EM assets) saw Sep-18 futures test key Fib
resistance at 150.40 before faltering. Short-term momentum is in bulls' favour
after the recovery through 150.24/27 area resistance. Early Tokyo trade saw the
150.40 print, equaling the 61.8% retracement level of the recent sharp decline.
A further move above is needed to repair the tech damage caused by the
BoJ-inspired drop at the beginning of the month.

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