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Free Access(Z9) 50-dma should provide decent.........>
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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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.