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(U9) Fed lends a crutch *RES 3: 154.01....>

JGB TECHS
JGB TECHS: (U9) Fed lends a crutch
*RES 3: 154.01 - Jul 28 2016 high
*RES 2: 153.85 - 2.0% Upper Bollinger Band
*RES 1: 153.82 - Cycle High
*PRICE: 153.71 @ 16:39 BST, Jun 19
*SUP 1: 153.47 - 23.6% 152.32 - 153.82
*SUP 2: 152.72 - 2% Lower Bollinger Band
*SUP 3: 152.33 - 6 March Low
Despite pulling back somewhat beforehand, JGB futures were lent a crutch by a
dovish Fed decision, keeping recent cycle highs well within view. Bulls now need
to crack above the 153.82 mark before challenging new highs, but the RSI may
have to ease from here before upside conviction builds again. The outlook will
worsen should bears take out the 50-dma support at 152.96.

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