(Z18) Nothing New *RES 4: 150.62 -........>

JGB TECHS: (Z18) Nothing New

*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: 150.22 @ 16:29 GMT, Oct 22

*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 50-dma remains key and frustrated bulls despite managing to register a close

above the mark last week. As such, 150.26 becomes the next upside resistance and

will need to be broken to extend the October recovery. This would 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 there.