Technical Analysis

Bears Taking Over 10 Year US Notes and GBPUSD

Typography

Good day traders. Hope everybody is having a good time.

Todays focus is on the 10 Year US Notes and gbpusd.

10 Year Us notes are trading sharply lower, unfolding a nice impulsive structure, which we see it as sub-wave (1) and now upcoming wave (2). We know that wave (2) is a correction, which means a three-wave rally may unfold within it.

10 Year US Notes, 1H

GBPUSD

GBPUSD can be trading at the end of a corrective wave ii, which can see limited upside near the Fibonacci ratio of 61.8. From there price can sharply unfold lower into wave three.

Have a nice evening.

GBPUSD, 1H

Author: Elliott Wave Financial ServiceWebsite: http://www.ew-forecast.com/
Elliott Wave Financial Service
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