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(Z17) Decline Holds Above Key.............>

JGB TECHS
JGB TECHS: (Z17) Decline Holds Above Key 150.59-150.57 Support
*RES 4:  151.21 Apr 17, Apr 20 highs
*RES 3:  151.07 Nov 8 high, 76.4% Fibo of 151.37-150.08
*RES 2:  151.00 Hourly recovery high Nov 9
*RES 1:  150.89 Nov 9 low, now resistance
*PRICE:  150.88 @ 2248GMT
*SUP 1:  150.61 Nov 15 low
*SUP 2:  150.57/59 76.4% of 150.42-151.07, Oct 6 high  
*SUP 3:  150.53 Nov 1 high, now support
*SUP 4:  150.42/46 Nov 1 low, 61.8% Fibo of 150.08-151.07
*COMMENTARY* Gapped lower last Friday, following the week's earlier challenge to
the 76.4% Fibo retrace level at 151.07. A low of 150.61 so far, as we initially
give back some of the gains made from this month's earlier 150.42 base. Any
lower and look to the 150.59-150.57 area for next support. Meanwhile, nearest
resistance rises to 150.89, back above here currently needed for some near term
respite and another 151.00-151.07 challenge.

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