(U9) Maintains Pressure on Cycle Highs....>

JGB TECHS: (U9) Maintains Pressure on Cycle Highs

*RES 3: 154.01 - Jul 28 2016 high

*RES 2: 153.89 - 3.0% Upper Bollinger Band

*RES 1: 153.63 - Cycle High

*PRICE: 153.57 @ 16:24 BST, Jun 7

*SUP 1: 153.32 - 23.6% 152.32 - 153.63

*SUP 2: 152.41 - 2% Lower Bollinger Band

*SUP 3: 152.33 - 6 March Low

JGBs benefited from the poor US payrolls data but failed to make material

headway back toward the recent cycle high of 153.63. This does, however, keep

the onus pointing higher, with the 3.0% Bollinger band at 153.89 the next level

to the upside. The RSI does continue to flash overbought however, suggesting the

current trend may pause for a while longer, but the outlook won't weaken until

bears take out the 50-dma support at 152.89.