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(U9) New boost for bulls *RES 3: 154.16...>

JGB TECHS
JGB TECHS: (U9) New boost for bulls
*RES 3: 154.16 - Broken Trendline Resistance
*RES 2: 154.13 - 3.0% Upper Bollinger Band
*RES 1: 154.13 - Cycle High
*PRICE: 153.83 @ 19:36 GMT, Jul 31
*SUP 1: 153.54 - 50-dma
*SUP 2: 153.15 - 61.8% 152.54 - 154.13
*SUP 3: 153.13 - 100-dma
Bulls were emboldened further Wednesday following the Fed rate cut, with the
July mini-rally still firm. This keeps focus on near-term resistance seen ahead
of the cycle highs at 154.13, which intersects with today's 3.0% upper bollinger
band. To the downside, the 50-dma remains a decent level of support, which will
be the first target for bears. A close below that mark will switch the
medium-term trend more bearish, opening the 153.15 mark and 153.13 below.

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