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(Z18) 2017 Highs In Focus *RES 3:.........>

JGB TECHS
JGB TECHS: (Z18) 2017 Highs In Focus
*RES 3: 152.04 - Nov 9 2016 High
*RES 2: 151.64 - 50% 154.00-149.28
*RES 1: 151.51 - High Sep 8 2017
*PRICE: 151.35 @ 16:32 GMT, Dec 3
*SUP 1: 150.47/33 - 100-/50-DMA
*SUP 2: 149.75 - Spike Low Aug 2
*SUP 3: 149.65 - Spike Low Jul 7, 17 (Continuation chart)
US-China news pressed prices lower at the open, but the effect was short-lived,
with JGB futures looking to close the Monday session at and around the Friday
high. This sets up bulls nicely for a run on, firstly, the 151.36 weekly high
and, secondly the Sep8 2017 high of 151.51. Bullish momentum remains on the
front foot with bulls now targeting the 50% retracement of the 154.00-149.28
move at 151.64. Technical indicators continue to point higher, with the
longer-term targets holding just above 152.00. Key support next kicks in at the
200- and 100-dmas at 150.67 and 150.49.

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