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(U9) In familiar territory *RES 3:........>

JGB TECHS
JGB TECHS: (U9) In familiar territory
*RES 3: 159.37 - Multi-year Up trendline Resistance
*RES 2: 155.69 - 3.0% Upper Bollinger Band
*RES 1: 155.51 - Cycle High
*PRICE: 155.22 @ 15:46 GMT, Sep 4
*SUP 1: 154.99 - 23.6% 153.32 - 155.51
*SUP 2: 154.25 - 50-dma
*SUP 3: 153.62 - 100-dma
After being held back by congestion resistance layered at around the previous
cycle high, JGB futures accelerated gains Tuesday, but faltered Wednesday to
pull back to more familiar levels. This keeps volatility band resistance at
155.69 in view, with resistance scant above there. Support remains at 154.87,
but a break and close below Fib support at 154.44 would be needed to favour the
bears.

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