10 year US notes moved nicely lower into a fifth wave in the last two weeks, riight into our Fibonacci extension levels, therefore we have to be aware of a bounce since we know that after every five waves market is expected to turn into the opposite direction. If 10 year US note would bounce, then at the same time we have to look on a possibly turn down on USDJPY, especially if channel connected from May 11th on USDJPY is broken to the downside.
