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(Z9) Upside momentum peters out *RES 3:...>

JGB TECHS
JGB TECHS: (Z9) Upside momentum peters out
*RES 3: 155.73 - 2.0% Upper Bollinger Band
*RES 2: 155.53 - Cycle High
*RES 1: 155.48 - Recovery high
*PRICE: 154.88 @ 15:26 GMT, Sep 30
*SUP 1: 153.49 - Aug 2 Low
*SUP 2: 153.29 - 1.0% 10-dma envelope
*SUP 3: 153.28 - 200-dma
Cycle highs remain on the cards for bulls, but momentum faltered into the
beginning of this week as recent upside couldn't be sustained. Bulls 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 vol band support at 153.29 the medium-term target. The 200-dma
remains well within range for bears.

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