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06/12/2019 14:13:02 GMT

Elliott Wave Analysis: Bonds Point To The Upside, So Does XXX/JPY Pairs

Gregor Horvat Wavetraders

Hello traders!

As you already know, we still remain bullish on stocks, especially now when bonds can be at the reversal point, which means that stocks could be easily supportive. And, if that's the case, then XXX/JPY crosses could be supportive as well! That being said, according to bonds, be aware of a bullish continuation on stocks, while XXX/JPY crosses can see limited downside.

10Y US Yields vs. 10Y US Notes, 1h

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Author

Gregor Horvat

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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