The last couple of months have been some sort of “Flag” and the bottom of said Flag is at 123.13-15. We broke this last week and have since been back to here and failed "on the retest".
So the bears are looking prime for a retest of 121.285 AT THE VERY LEAST. Below here 119.28, 116.19 and 115.24 are “bigger picture” targets.
Bunds have been selling off too and look set to head to 158.06 then 157.06.
In the UK the Gilt Future has been far more resilient but if that broke 125.13-20 we would be signalled for more downside.