Ironman_8848

US 10 YEARS - THE TREND IS YOUR FRIEND...

TVC:US10Y   US Government Bonds 10 YR Yield
Looking at the weekly chart we can see that current levelis below both, MBB (@ 1.5630%) and Kijun Sen (@ 1.3851%).
Wait for weekly closing for confirmation !
In the meantime, the expected target of 1.2890 % (38.2% Fib ret) has nearly been reached with a low so far @ 1.30 % !
Pressure remains to the downside, next significant supports levels being respectively @ 1.14 % and 0.99%.
Watch D1 , H4 and shorter time frames to get clues and intermediate signal (s) for validation or invalidation of the expected bearish (yield) scenario.
Ironman8848

Comments

Thanks. I see this in a bull flag with bullish divergence testing lower support around 1.28 - if it holds we could see a bounce back up and if it fails, I agree with your next targets

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@peterbhc, we’ll see :-)
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