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(Z9) Bounce sustained *RES 3: 155.53 -....>

JGB TECHS
JGB TECHS: (Z9) Bounce sustained
*RES 3: 155.53 - Cycle High
*RES 2: 155.33 - 1.0% Upper Bollinger Band
*RES 1: 155.25 - Sep 9 High
*PRICE: 154.90 @ 15:46 GMT, Sep 23
*SUP 1: 153.49 - Aug 2 Low
*SUP 2: 153.26 - 1.0% 10-dma envelope
*SUP 3: 153.18 - 200-dma
The bounce off the 153.62 lows was been sustained Monday, keeping the near-term
outlook constructive and opening a move on the Sep9 high at 155.25. The
confirmed close above the 50-dma also helps support bulls, who need to pick up
momentum in order to stage a decent test of the alltime highs at 155.53. Bears
can easily tip the balance back to negative, with vol band support at 153.26 the
medium-term target. The 200-dma remains well within range for bears.

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