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(Z18) Breaks Downtrend *RES 4: 150.62 -...>

JGB TECHS
JGB TECHS: (Z18) Breaks Downtrend
*RES 4: 150.62 - 100-DMA (Continuation chart)
*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: 150.23 @ 16:43 GMT, Oct 15
*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)
*SUP 4: 149.28 - Spike Low Feb 3, 17 (Continuation chart)
The Monday session saw prices spill above the key short-term resistance at
150.22 and break above the downtrend line in place since July. This saw prices
print the best levels since mid-September, and bulls now eyes a recovery above
the 150.38 Fib level to cement upside. 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 there.

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