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(U9) Fresh cycle highs *RES 3: 154.44 -...>

JGB TECHS
JGB TECHS: (U9) Fresh cycle highs
*RES 3: 154.44 - Uptrendline Resistance
*RES 2: 154.34 - 3.0% Upper Bollinger Band
*RES 1: 154.27 - Cycle High
*PRICE: 154.21 @ 15:27 GMT, Aug 5
*SUP 1: 153.61 - 50-dma
*SUP 2: 153.53 - 38.2% 152.54 - 154.27
*SUP 3: 153.21 - 100-dma
Despite dipping below the 50-dma last week, bulls ran with the market Monday,
sending prices up to fresh cycle highs of 154.27. This bumps upside targets
higher but it's unlikely JGBs will maintain current momentum, suggesting a
return below 154.00 is on the cards. A break and close below the 50-dma at
153.61 would work in favour of bears, who then set sights on 153.21 and the
mid-May lows of 152.54.

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