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(U9) Neutral start to the week *RES 3:....>

JGB TECHS
JGB TECHS: (U9) Neutral start to the week
*RES 3: 154.27 - 3.0% Upper Bollinger Band
*RES 2: 154.13 - Cycle High
*RES 1: 153.94 - Broken Trendline Resistance
*PRICE: 153.89 @ 16:20 BST, Jun 24
*SUP 1: 153.70 - 23.6% 152.32 - 154.13
*SUP 2: 152.96 - 2% Lower Bollinger Band
*SUP 3: 152.33 - 6 March Low
JGB futures hold close to recent cycle highs, but failed to move north of
154.13. Nonetheless, momentum was lacking Monday in a quiet start to the week.
This keeps the pressure pointed higher, with resistance at 153.94 next up,
followed by the cycle highs of 154.13. On RSI measures, JGB futures remain a
screaming sell, and the intraday reversal posted last week could call the rally
into question if any downside persists. This leaves bears targeting 153.70 ahead
of the 50-dma support at 153.02.

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