Type: Bearish DropKey Levels:Resistance: 149'12Pivot: 148'14Support: 146'14Preferred Case:With price expected to reverse off the Ichimoku resistance, we see the potential for bearish drop from our Pivot level at 148'14 in line 61.8% Fibonacci retracement towards our 1st support level at 146'14 in line with the horizontal swing low support.Alternative Scenario:If price breaks out, it can potentially move towards our 1st resistance level at 149'12 which is in line with 78.6% Fibonacci retracement and horizontal swing high resistance.Fundamentals: Economic risks from inflation and tightening monetary policy causes bearish sentiments around the bonds market.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/t-bond-futures-zb1-h1-bearish-drop28"
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