(Z18) In Full Retreat *RES 3: 151.00 -....>

JGB TECHS: (Z18) In Full Retreat

*RES 3: 151.00 - High Jul20

*RES 2: 150.98 - High Jul23

*RES 1: 150.90 - Down Trendline Resistance

*PRICE: 150.54 @ 16:47 GMT, Oct 31

*SUP 1: 150.48/27 - 100-/50-DMA

*SUP 2: 149.75 - Spike Low Aug 2

*SUP 3: 149.65 - Spike Low Jul 7, 17 (Continuation chart)

JGBs have now shed over 30 ticks from the recent high of 150.86 as markets

continue to take profits on the recent rally. This dents recent momentum, but

the short-term trend does continue to point higher. The fall through the 200-dma

at 150.61 opens a further decline to 150.48 100-dma and the 50-dma below there

at 150.30. To the upside, down trendline resistance at 150.90 is the initial

target for bulls before any attempt on the series of July highs between

150.98-151.00, which would mark a close of the gap lower suffered over Summer.