We also have a cipher set up, courtesy of the recovery from record low.
Point D, which is the potential reversal zone, stands at 1.499%. This means the yield could turn lower from 1.499% or if the level is breached on the higher side on daily closing basis, we may be in for a rally to 1.59%.
Breach of 1.499% on the higher side appears likely if the non-farm payrolls report beats consensus estimates and wage growth numbers spike.
Otherwise, yield is more likely to reverse from Point D = 1.499%.