Long position US10YHi traders! 👋
Let's take a look at US 10 year bond yields. It's has been in an up trend for half a year now. We expect it to continue to the upside. Right now the price is testing the resistance line. We expect the price to come back to the historically strong support zone and bounce back upwards if it can hold the price. The target zone will be at the upper resistance line.
What do you think about this idea? Let us know in the comments!