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(Z9): Correction Still In Place *RES 3:...>

JGB TECHS
JGB TECHS: (Z9): Correction Still In Place
*RES 3: 153.93 - High Nov 6
*RES 2: 153.62 - Low Sep 17 and former breakout point
*RES 1: 153.55 - High Nov 20
*PRICE: 153.41 @ 16:33 GMT, Nov 20
*SUP 1: 152.79 - Low Nov 14
*SUP 2: 152.44 - Low Nov 13 and key support
*SUP 3: 152.39 - 1.618 projection of Sep 4 - Sep 17 decline from Sep 25 high
JGB futures saw a correction unfold in the second half of last week. With
futures still looking to push higher near-term, attention is on 153.62, Sep 17
low and a former breakout point. Clearance of this level would open 153.93, Nov
6 high. A failure ahead of 153.62 is required to suggest the return of bearish
behaviour. This would signal scope for a retest of last weeks low at 152.44. A
break here would confirm a resumption of the recent downtrend.

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