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(Z9) 50-dma remains decent support *RES...>

JGB TECHS
JGB TECHS: (Z9) 50-dma remains decent support
*RES 3: 155.77 - 3.0% Upper Bollinger Band
*RES 2: 155.53 - Cycle High
*RES 1: 155.25 - Sep 9 High
*PRICE: 154.65 @ 14:56 GMT, Sep 12
*SUP 1: 154.43 - Weekly low
*SUP 2: 154.38 - 50-dma
*SUP 3: 153.76 - 100-dma
JGBs received very little ECB bounce, keeping the market in neutral mode, with
the risk of further pullbacks high. The retreat from last week's cycle highs up
at 155.51 is testament to market that can turn south quickly, with the decline
below the Fib support at 154.99 worsening the outlook materially. Support at the
50-dma at 154.38 remains the focus, which should be a decent challenge for
bears. For bulls to regain the upper hand, upside momentum must pick up and
challenge 155.51 cycle highs and the volatility band resistance above at 155.77.

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