The U.S. Government Bonds 10YR Yield (US10Y) has been trading within a Channel Up pattern since the September 17 2024 Low and is currently on its Bearish Leg. This is now approaching the 1D MA50 (blue trend-line), below which the last Higher Low was priced that initiated the Bullish Leg.
With the 1D RSI approaching the same level as then, this is the ideal level to go long again and target 5.000%, which is just below the October 23 2023 Resistance.
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