(Z9) Needs to Build a Base *RES 3:........>

JGB TECHS: (Z9) Needs to Build a Base

*RES 3: 155.61 - 2.0% Upper Bollinger Band

*RES 2: 155.53 - Cycle High

*RES 1: 155.48 - Recovery high

*PRICE: 155.14 @ 15:23 GMT, Oct 3

*SUP 1: 153.49 - Aug 2 Low

*SUP 2: 153.39 - 1.0% 10-dma envelope

*SUP 3: 153.33 - 200-dma

Cycle highs remain on the cards for bulls, with momentum seemingly picking up

into the close of the week. The break back above 155 works in favour of bulls,

which retain 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 the upside argument. Bears can easily tip the

balance back to negative, with envelope support at 153.33 the medium-term

target. The 200-dma remains well within range for bears.