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(Z9) 50-dma should provide decent.........>

JGB TECHS
JGB TECHS: (Z9) 50-dma should provide decent support
*RES 3: 155.75 - 3.0% Upper Bollinger Band
*RES 2: 155.53 - Cycle High
*RES 1: 155.25 - Sep 9 High
*PRICE: 154.60 @ 15:37 GMT, Sep 11
*SUP 1: 154.43 - Weekly low
*SUP 2: 154.37 - 50-dma
*SUP 3: 153.74 - 100-dma
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. This brings support at the 50-dma at 154.37
into view, 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 155.75.

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