(U9) Outlook improves *RES 3: 154.20 -....>

JGB TECHS: (U9) Outlook improves

*RES 3: 154.20 - 3.0% Upper Bollinger Band

*RES 2: 154.15 - Broken Trendline Resistance

*RES 1: 154.13 - Cycle High

*PRICE: 153.62 @ 15:26 GMT, Jul 19

*SUP 1: 153.38/32 - 50-dma/Weekly Low

*SUP 2: 153.15 - 61.8% 152.54 - 154.13

*SUP 3: 153.08 - 100-dma

JGBs head into the new week on a slightly more positive footing, having bounced

well off the 50-dma. 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, 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 153.06 below.