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(U9) Stuck in the range *RES 3: 154.18....>

JGB TECHS: (U9) Stuck in the range
*RES 3: 154.18 - 3.0% Upper Bollinger Band
*RES 2: 154.13 - Cycle High
*RES 1: 154.06 - Broken Trendline Resistance
*PRICE: 153.79 @ 16:33 BST, Jul 1
*SUP 1: 153.70 - 23.6% 152.32 - 154.13
*SUP 2: 153.28/12 - 2% Lower Bollinger Band/50-dma
*SUP 3: 152.97 - 100-dma
JGB futures continued to edge away from the cycle highs printed up at 154.13,
but momentum needs to pick up in either direction to establish any committed
trend. Bullish exhaustion emerged at the start of the week, suggesting markets
may see a slightly more prolonged pause until valuation measures return to more
normal levels. Any move higher must challenge broken trendline resistance at
154.06 ahead of cycle highs of 154.13. Bears keep eyes on 153.70 ahead of the
50-dma support at 153.12.

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