(H9) Pressured by Payrolls.....>

US 10YR FUTURE TECHS: (H9) Pressured by Payrolls

*RES 3: 125-26+ 50% 134-07+-117-13+

*RES 2: 124-02+ Dec 29 2017 high

*RES 1: 123-08 Jan 3 high

*PRICE: 122-02 @ 15:54 GMT, Feb 1

*SUP 1: 121-02+ Jan 18 lows

*SUP 2: 120-04+ Dec 12-13 lows

*SUP 3: 119-25+/24+ 200-dma/100-dma

A firm payrolls print Friday saw Treasuries reverse early gains, eroding the

week's gains but placing the Monday lows of 121-02 under no real threat. For

markets to extend the losses into the coming week, bears need to first break

back below the Jan 18 low at 121-02 to gain more momentum before a run at the

Dec 26 low of 120-28. For the uptrend to resume, bulls need to recover back

above the recent highs of 122-19 which would bring the Jan 3 high at 123-08 back

into view. A break would improve the long term outlook and open a run at the Dec

29 2017 high at 124-02+, ahead of the 50% retracement level at 125-26+.