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US 10yr yield, an important topping?

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Near term US 10 year note yield outlook: More choppy trade from the Nov 9th high at 2.38% and is seen as an important topping. In the bigger picture, the upmove from the Jan low at 1.64% to the Jun 11th high at 2.50% occurred in 3 waves (A-B-C, argues a large correction) and potential, bearish head and shoulders pattern since March support this view. This in turn targets declines to the neckline (currently at 1.93/95%), that Jan low at 1.64% and eventually below (though scope for a more

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