(U18) Corrective Rebound *RES 4: 150.85...>

JGB TECHS: (U18) Corrective Rebound

*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

*PRICE: 150.39 @ 18:47 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)

The JGB has extended the recovery through initial resistance in the 150.24/27

area to stabilise the near-term technical picture. The 61.8% retracement level

of the recent sharp decline at 150.40 has been achieved. A further move above

here starts to repair the technical damage caused by the sharp decline at the

beginning of the month, returning the focus to 150.79. Holding above 150.23

maintains the improving technical picture.