The U.S. Government Bonds 10YR Yield (US10Y) has gone a long way since our top prediction a month ago:
As you see, the Lower Highs 1D RSI Bearish Divergence, accurately projected the top and the price broke much lower than the 1D MA50. On a short-term horizon, as long as it fails to close above the 4H MA50 (blue trend-line), we will be targeting the 1D MA100 (green trend-line). Only a break above the 4H MA200 (orange trend-line) can restore the bullish trend, towards the 4.330 High as it happened on June 01 2022. On the other hand a closing below the 1D MA200 (yellow trend-line) would confirm the long-term trend switch from bullish to bearish.
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