Type: Bullish continuation
Resistance: 163'18
Support: 157'24
Pivot: 159'16
Preferred case: With price moving above the ichimoku cloud , we have a bias that price will rise from our pivot of 156'00 in line with the 100% Fibonacci projection to our 1st resistance of 159'27 which is also the graphical swing high resistance.
Alternative Scenario : Price may dip to the support level of 154'25 in line with 127.2% Fibonacci extension level.
Fundamentals: With the uncertainty of the RUSSO-UKRAINE conflict and the implications on the US economy due to increase increase sanctions. Bond prices will continue to increase as increase frequency of rate hikes seems more unlikely. As fundamentals and technicals align, ZB1! might be a good opportunity to look into.