(U9) March Highs Remain in View *RES 3:...>

JGB TECHS: (U9) March Highs Remain in View

*RES 3: 154.01 - Jul 28 2016 high

*RES 2: 153.34 - Mar28 High

*RES 1: 153.23 - Weekly high

*PRICE: 153.14 @ 17:07 BST, May 31

*SUP 1: 152.52 - 2% Lower Bollinger Band

*SUP 2: 152.33 - 6 March Low

*SUP 3: 151.97 - 38.2% 149.75 - 153.34

JGB futures cleared the 153.00 level and the 50-dma this week, putting JGB

futures on the front foot headed into the new week. This keeps pressure on the

weekly high at 153.23 ahead of the Mar28 high at 153.34, which may provide

firmer resistance. Bears need to clear the 2% lower Bollinger Band to trigger

any down-move (152.52), before targeting the March 6 low at 152.33.