Bullish US Notes Equals To Bearish USDJPY and Vice Versa
10-year US notes were down recently, and we highlighted this pullback after limited gains at upper trendline of a triangle. Well, we are tracking a publishing triangle here, placed in wave B which can be near completion at current lower side of the pattern. But as long as price trades in the mid-levels of the past 12 months our count remains unconfirmed. IN other words, I want to see 125.71 broken to confirm a rally into wave C. On the downside 123.77 is level on the radar screen; break below it can be a bearish signal. A breakout on US notes will tell us a lot about the USDJPY; bullish notes=bearish USDJPY, bearish notes=bullish USDJPY.
10-year US notes Daily Elliott Wave Analysis
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