US 10 YEARS - THE TREND IS YOUR FRIEND...
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
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
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.