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

JGB TECHS
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.

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