Bunds: Yield inside session suggests a pull back to148.80 trendline - RBS

FXStreet (Łódź) - The RBS team of analysts note that the German Bund yield formed a bearish inside session (Harami), following a weaker opening which indicated a pullback approaching to the trendline, where the 20-day MA and 148.79 Fibonacci projection lie.

Key quotes

"If the latter is broken, the move would extend further to the 148.00 and 147.40 support levels."

"Caveat would be a break above 150.34. A close or opening below 149.73 gap would confirm the view."