Bullish US Notes Equals To Bearish USDJPY and Vice Versa

By: Gregor Horvat | Fri, Aug 1, 2014
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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

10-year US notes Daily Elliott Wave Analysis Chart


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Gregor Horvat

Author: Gregor Horvat

Gregor Horvat

Gregor Horvat

Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of www.ew-forecast.com, but before that he was working for Capital Forex Group and TheLFB.com. His feature articles have been published on: SafeHaven.com, FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc. He recently won the award on FXStreet.com for Best Forex Analysis in 2016. At www.ew-forecast.com he helps clients and educate them about the Elliott wave prinicple and how to label and track unfolding patterns in real time.  His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets such as candlestick patterns, MA, technical indicators etc. His specialty however is Elliott Wave Theory which could be very helpful especially if you know how to use it in combination with other tools/indicators.

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