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HomeContributorsTechnical Analysis10 Year US Notes Points Lower, And GBPJPY Can Stop Its Weakness!

10 Year US Notes Points Lower, And GBPJPY Can Stop Its Weakness!

Elliott Wave Financial Service
By Elliott Wave Financial Service

In risk-off mode commodity currencies and XXX/JPY pairs will benefit, especially if 10 year US notes are headed down based on 1h wave count which is pointing down for wave C). In such case even very weak GBPJPY would stabilize, but after wave five which is around the corner.

10 Year US Notes, 1h

GBPJPY, 1h

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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