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(U9) Holding Pattern *RES 3: 154.01 -.....>

JGB TECHS
JGB TECHS: (U9) Holding Pattern
*RES 3: 154.01 - Jul 28 2016 high
*RES 2: 153.73 - 2.0% Upper Bollinger Band
*RES 1: 153.63 - Cycle High
*PRICE: 153.50 @ 16:32 BST, Jun 12
*SUP 1: 153.32 - 23.6% 152.32 - 153.63
*SUP 2: 152.47 - 2% Lower Bollinger Band
*SUP 3: 152.33 - 6 March Low
Despite global bonds getting a decent boost Wednesday, JGBs missed out on the
rally and well within recent ranges. This keeps the medium-term trend pointing
higher, with the 2.0% Bollinger band at 153.73 the next level to the upside. The
RSI holds below overbought levels, meaning those looking for higher levels still
have the opportunity to reload. The upward trend looks solid for now, but the
outlook will worsen should bears take out the 50-dma support at 152.91.

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