(Z17) Falling Away After Challenge To.....>

JGB TECHS: (Z17) Falling Away After Challenge To 76.4% Fibo Level

*RES 4:  151.17 Sep 12 high

*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:  150.76 @ 2355GMT

*SUP 1:  150.72 Nov 10 low

*SUP 2:  150.66/67 Nov 2 high, 61.8% Fibo of 150.42-151.07

*SUP 3:  150.57/59 76.4% of 150.42-151.07, Oct 6 high  

*SUP 4:  150.53 Nov 1 high, now support

*COMMENTARY* Gapped lower on Friday, following last week's challenge to the

76.4% Fibo retrace level at 151.07. A low of 150.72 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 150.67-150.66 area for next support. This then protecting what looks

to be a stronger region between the Oct 6 high at 150.59 and the 150.57 Fibo

retrace level. Meanwhile, 150.89-151.00 provides resistance.