Type: Bearish ContinuationKey Levels:Resistance: 154’04Pivot: 153’15Support: 151’04Preferred Case:With price moving below the Ichimoku cloud, we are biased that price retest at our pivot of 153’15 in line with the 50% Fibonacci retracement and horizontal overlap resistance and dip to our 1st support at 151’04 in line with the horizontal swing low support and 78.6% Fibonacci projection level.Alternative Scenario: Alternatively, price could potentially break out pivot structure and head to 1st resistance at 155’08 in line with the horizontal swing high resistance and 78.6% Fibonacci retracement.Fundamentals:As geopolitical tensions between Russia and Ukraine continue to escalate, bond prices may continue to climb as investors flock to safe haven assets. As technical and fundamentals does not align , there is a risk on factor in regards to ZB1!
Source: Tickmill
