Gilts rocketed unexpectedly to hit 110.16. This represents a 61.8% recovery of the losses from late May to mid June and is therefore strong resistance. However betting against a follow through of yesterday's strong performance is not the best idea so be ready to go with a break higher for 100 week moving average resistance at 110.27/28 then the next resistance at 110.56/60.
A drift lower would allow an unwinding of the short term overbought conditions. Below 110.07/05 adds pressure for 109.90/85 which could hold the downside. However if prices continue lower look for a buying opportunity at 109.63/57. Exit shorts ans try longs with stops below 109.45.