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(Z9): Trading On A Weaker Note *RES 3:....>

JGB TECHS
JGB TECHS: (Z9): Trading On A Weaker Note
*RES 3: 153.93 - High Nov 6
*RES 2: 153.62 - Low Sep 17 and former breakout point
*RES 1: 153.12 - High Nov 12
*PRICE: 152.57 @ 19:19 GMT, Nov 12
*SUP 1: 152.39 - 1.618 projection of Sep 4 - Sep 17 decline from Sep 25 high
*SUP 2: 152.11 - 1.764 projection of Sep 4 - Sep 17 decline from Sep 25 high
*SUP 3: 152.00 - Round number support
JGB futures remain bearish following last weeks sharp slide and have continued
the push lower today. Last week saw important support levels cleared, the most
recent being the break of the Sep 17 low of 153.62 on Nov 6. This confirmed a
clear bearish price sequence of lower lows and lower highs, reinforcing the
current trending conditions. Attention is on the next objectives at 152.39 and
152.11, both Fibonacci projection targets. Initial resistance is at 153.12.

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