New York time: 00:00:00
Local time: 00:00:00
Newsletter RSS 

Bearish Looking 10Y US Notes Can Push USDJPY Higher

Top



Nov 04 2021

Hello traders!

Today we will talk about 10Y US Notes and its negative correlation with USDJPY .

10Y US Treasury yields keeps pointing lower, as we see a bearish triangle formation within wave 4 correction that can send the price even lower for wave 5. If that's the case, then respecting correlations, USDJPY can see more gains for wave 5, as we also see a bullish triangle pattern within wave 4.

As you can see, triangle, a continuation pattern can be approaching the end, as we see the final subwave "e" in progress, so ahead of NFP report, be aware of that final 5th wave before we will see reversals.

Be humble and trade smart!
If you like what we do, then please like and share our idea!
 

Bearish Looking 10Y US Notes Can Push USDJPY Higher by ew-forecast on TradingView.com



Newsletter archive