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(U9) Follows counterparts lower *RES 3:...>

JGB TECHS
JGB TECHS: (U9) Follows counterparts lower
*RES 3: 154.24 - 3.0% Upper Bollinger Band
*RES 2: 154.13 - Cycle High
*RES 1: 153.95 - Broken Trendline Resistance
*PRICE: 153.69 @ 16:30 BST, Jun 26
*SUP 1: 153.70 - 23.6% 152.32 - 154.13
*SUP 2: 153.08 - 2% Lower Bollinger Band
*SUP 3: 152.33 - 6 March Low
JGB futures once again held close to recent cycle highs, but failed to make any
decent attempt on the 154.13 level. Momentum has been lacking since the start of
the week, suggesting markets may see a slightly more prolonged pause until
valuation measures return to more normal levels. Any move higher must challenge
broken trendline resistance at 153.95 ahead of cycle highs of 154.13. Bears keep
eyes on 153.70 ahead of the 50-dma support at 153.06.

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