Bunds: extended losses expose chart gap and stops

The 10 year German bond just dipped below yesterday’s 156.59 Eurex session low, to 156.57 and nearer an outstanding chart gap down to 156.50, with any follow-through exposing stops said to be placed around 156.47. So, Bund chart impulses turning more bearish in the run up to the ECB and some fundamental direction. Gilts also slipping further in sympathy, but just holding above 121.00 at 121-04 (-22 ticks on the day).