Looking at the weekly chart we can see that current levelis below both, MBB (@ 1.5630%) and Kijun Sen (@ 1.3851%).
Wait for weekly closing for confirmation !
In the meantime, the expected target of 1.2890 % (38.2% Fib ret) has nearly been reached with a low so far @ 1.30 % !
Pressure remains to the downside, next significant supports levels being respectively @ 1.14 % and 0.99%.
Watch D1 , H4 and shorter time frames to get clues and intermediate signal (s) for validation or invalidation of the expected bearish (yield) scenario.
Ironman8848
Wait for weekly closing for confirmation !
In the meantime, the expected target of 1.2890 % (38.2% Fib ret) has nearly been reached with a low so far @ 1.30 % !
Pressure remains to the downside, next significant supports levels being respectively @ 1.14 % and 0.99%.
Watch D1 , H4 and shorter time frames to get clues and intermediate signal (s) for validation or invalidation of the expected bearish (yield) scenario.
Ironman8848
