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(Z9) Falters Further: *RES 3: 155.60 -....>

JGB TECHS
JGB TECHS: (Z9) Falters Further:
*RES 3: 155.60 - 2.0% Upper Bollinger Band
*RES 2: 155.53 - Cycle High
*RES 1: 155.48 - Recovery high
*PRICE: 154.88 @ 14:56 GMT, Oct 9
*SUP 1: 154.78 - 50-dma
*SUP 2: 153.49 - Aug 2 Low
*SUP 3: 153.37 - 1.0% 10-dma envelope
Cycle highs are fading from view for JGB bulls, with the pullback from
multi-year highs continuing apace Wednesday. This negates the bullish break of
155.00 last week, weakening the outlook. As such, markets set sights on the
50-dma support which, if broken, would open the mid 153's. For bulls to regain
any control from here, bulls need to reclaim 155.26 before re-targeting the
cycle highs.

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