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(Z9) Sustains bounce *RES 3: 155.53 -.....>

JGB TECHS
JGB TECHS: (Z9) Sustains bounce
*RES 3: 155.53 - Cycle High
*RES 2: 155.33 - 1.0% Upper Bollinger Band
*RES 1: 155.25 - Sep 9 High
*PRICE: 154.63 @ 15:18 GMT, Sep 19
*SUP 1: 153.49 - Aug 2 Low
*SUP 2: 153.16 - 200-dma
*SUP 3: 153.04 - 1.0% 10-dma envelope
After a volatile end to last week, JGB futures extended the bounce to recover
above the 50-dma at 154.39. This leaves the outlook more neutral, with a climb
above the Sep9 high at 155.25 needed to shift the outlook positive. 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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