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(U9) Cracks above 2016 high *RES 3:.......>

JGB TECHS
JGB TECHS: (U9) Cracks above 2016 high
*RES 3: 154.53 - 123.6% Fib projection 152.32 - 154.11
*RES 2: 154.23 - 3.0% Upper Bollinger Band
*RES 1: 154.11 - Cycle High
*PRICE: 153.88 @ 16:20 BST, Jun 20
*SUP 1: 153.69 - 23.6% 152.32 - 154.11
*SUP 2: 152.81 - 2% Lower Bollinger Band
*SUP 3: 152.33 - 6 March Low
JGB futures spilled through the best levels of 2016 to post all-time highs
Thursday with the market anticipating fresh stimulus from the Fed's rate
decision. This leaves all posited resistance to the upside as technical
projections and volatility measures, with bulls now forced to target 154.23 and
154.53. On RSI measures, JGB futures remain a screaming sell, and the intraday
reversal will call into question the appetite for further upside. This leaves
bears targeting 153.69 ahead of the 50-dma support at 152.98.

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