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(Z18) Back To Neutral *RES 3: 150.58 -....>

JGB TECHS: (Z18) Back To Neutral
*RES 3: 150.58 - High Aug 22
*RES 2: 150.45 - 50-DMA (Continuation chart)
*RES 1: 150.38 - 50% 151.00-149.75
*PRICE: 150.20 @ 16:36 GMT, Oct 17
*SUP 1: 149.75 - Spike Low Aug 2
*SUP 2: 149.65 - Spike Low Jul 7, 17 (Continuation chart)
*SUP 3: 149.38 - Spike Low Dec 2, 16 (Continuation chart)
Despite the break of key short-term resistance Monday at 150.22 and breaking
above the July downtrend, prices pulled failed to find a higher gear Wednesday
and retained a tight range, frustrating bulls. A recovery through, and close
above, the 50-dma at 150.25 will be needed to cement any upward move, which
should prompt attention to turn to the 150.38 Fib level. 149.95 remains the base
for JGB futures for now, which should continue to provide some modest support. A
break below 149.95 would open the Aug 2 spike low at 149.75 and 149.65 below

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