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(U9) Respects the range *RES 3: 154.24....>

JGB TECHS
JGB TECHS: (U9) Respects the range
*RES 3: 154.24 - 3.0% Upper Bollinger Band
*RES 2: 154.15 - Broken Trendline Resistance
*RES 1: 154.13 - Cycle High
*PRICE: 153.53 @ 15:11 GMT, Jul 18
*SUP 1: 153.36/32 - 50-dma/Weekly Low
*SUP 2: 153.15 - 61.8% 152.54 - 154.13
*SUP 3: 153.07 - 100-dma
Having bounced off the 50-dma earlier in the week, directional plays flagged
Thursday, with JGB futures largely respecting the recent range. The outlook
still remains weak as JGBs lag other global counterparts, with the recovery back
above 153.45 not enough for bulls. 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. To
the upside, 153.63 is the first target.

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