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(Z9) Cycle highs in sight *RES 3:.........>

JGB TECHS
JGB TECHS: (Z9) Cycle highs in sight
*RES 3: 155.79 - 2.0% Upper Bollinger Band
*RES 2: 155.53 - Cycle High
*RES 1: 155.48 - Recovery high
*PRICE: 155.30 @ 15:21 GMT, Sep 25
*SUP 1: 153.49 - Aug 2 Low
*SUP 2: 153.23 - 200-dma
*SUP 3: 153.11 - 1.0% 10-dma envelope
Cycle highs are back on the cards for bulls as the recent upside in JGBs
extended well into the Wednesday session. Bulls now set their sights on 155.53
and the Vol band resistance beyond. This week's moves keep the near-term outlook
constructive with the confirmed close above the 50-dma also helping bulls. Bears
can easily tip the balance back to negative, with vol band support at 153.04 the
medium-term target. The 200-dma remains well within range for bears.

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