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(Z9) Crushes Support *RES 3: 155.53 -.....>

JGB TECHS
JGB TECHS: (Z9) Crushes Support
*RES 3: 155.53 - Cycle High
*RES 2: 155.38 - 1.0% Upper Bollinger Band
*RES 1: 155.25 - Sep 9 High
*PRICE: 154.03 @ 15:12 GMT, Sep 17
*SUP 1: 153.49 - Aug 2 Low
*SUP 2: 153.13 - 1.0% 10-dma envelope
*SUP 3: 153.13 - 200-dma
Having broken below the 100-dma Monday, JGB futures took a breather and managed
to bounce ahead of the Aug2 lows at 153.49. This does little to rectify the
current negative outlook, however, keeping bears on track for lower lows. Vol
band support at 153.13 is the medium-term target, with the 200-dma now well
within range. For bulls to regain the upper hand, upside momentum must pick up
and challenge the 155-00 handle before September's best levels can be
considered.

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