(U9) Modest incline extends *RES 3:.......>

JGB TECHS: (U9) Modest incline extends

*RES 3: 154.20 - 3.0% Upper Bollinger Band

*RES 2: 154.15 - Broken Trendline Resistance

*RES 1: 154.13 - Cycle High

*PRICE: 153.65 @ 13:55 GMT, Jul 22

*SUP 1: 153.40/32 - 50-dma/Weekly Low

*SUP 2: 153.15 - 61.8% 152.54 - 154.13

*SUP 3: 153.09 - 100-dma

JGBs notched up a 153.67 print Monday, adding to the firm performance last week

after bonds bounced from the 50-dma. This keeps focus on near-term resistance at

the 153.72 mark (50% retracement of recent pullback). It's too soon to call for

a bullish reversal, but a gradual grind back toward the 154 handle is likely

given current momentum. The broader outlook remains somewhat weak, however, as

JGBs lag other global counterparts. The 50-dma remains a decent level of support

and a close below that mark will switch the medium-term trend more bearish,

opening the 153.15 mark and 153.06 below.