UK 10yr Yields: Outright Bullish
Note: all comments regard yields, not bonds: “new uptrend” = uptrend in yields and thus a bear market in bonds.
The recent pullback has left a new higher base above the daily/weekly breakout level around 1.403%. This higher base confirms the primary uptrend and thus strong bullish outlook for yields over the longer term. Our focus remain on the first resistance at 2.05% (minor projection) and the much more hefty projection around 2.70%. Here the pivots of 2014 converge with the 162% extension.
Yields are outright bullish as long as 1.403% holds as new support.
Primary trend: positive
Outlook: positive
Strategy: long yields
Support: 1.403% / 1.28% / 1.207%
Resistance: 1.40% / 2.05% / 2.70%
Outlook cancelled/neutralized: below 1.403%
GB10Y
The recent pullback has left a new higher base above the daily/weekly breakout level around 1.403%. This higher base confirms the primary uptrend and thus strong bullish outlook for yields over the longer term. Our focus remain on the first resistance at 2.05% (minor projection) and the much more hefty projection around 2.70%. Here the pivots of 2014 converge with the 162% extension.
Yields are outright bullish as long as 1.403% holds as new support.
Primary trend: positive
Outlook: positive
Strategy: long yields
Support: 1.403% / 1.28% / 1.207%
Resistance: 1.40% / 2.05% / 2.70%
Outlook cancelled/neutralized: below 1.403%
GB10Y
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.