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Bund – market rebounding off support at 150.75 - Commerzbank

FXStreet (Barcelona) - Karen Jones, Head of Technical Analysis at Commerzbank sees the support at 150.64/75 guarding the uptrend providing scope for a retest of the 15.249/66 high.

Key Quotes

“Initial resistance lies at 151.45 and this is exposed, above here the market is well placed to head higher to 151.97/152.00 the 78.6% retracement. Major resistance remains the 20 year channel and recent high at 152.49/66 and scope remains for this to be retested. If this is tested we again look for this to cap the topside.”

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