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(U9) Pauses, but Still Points Higher......>

JGB TECHS
JGB TECHS: (U9) Pauses, but Still Points Higher
*RES 3: 154.01 - Jul 28 2016 high
*RES 2: 153.94 - 3.0% Upper Bollinger Band
*RES 1: 153.63 - Cycle High
*PRICE: 153.45 @ 16:29 BST, Jun 10
*SUP 1: 153.32 - 23.6% 152.32 - 153.63
*SUP 2: 152.43 - 2% Lower Bollinger Band
*SUP 3: 152.33 - 6 March Low
After Friday's boost on the back of poor US payrolls data, JGB futures retreated
slightly Monday but the move looks muted for now. The medium-term trend
continues to point higher, with the 3.0% Bollinger band at 153.94 the next level
to the upside. The RSI has bumped back below overbought levels, meaning those
looking for higher levels may now have the opportunity to reload. The upward
trend looks solid for now, but the outlook will worsen should bears take out the
50-dma support at 152.89.

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