Today is the last trading day of the week and also the last trading day of the month. We have seen the yen pairs make highs that they havent seen in quite some time and the 10 Y T Note make lows that it hadnt visited since late last month. With all this being said I am expecting investors/market participants to take profit on their trades. Traders have made their money and it wouldn’t be too wise to hold on as there is risk of losing all their gains from this month. So based on greed and fear i am expecting the Yen pairs to get strong today with people taking profit and getting out their positions.

US 10 Y T NOTE H4

The 10 Y T Note is at support and WS3 levels on the weekly pivot points. Price has gone a bit too far and maybe this is where we see price pullback as it is the end of the week and the month.

US 10 Y T NOTE H1

On the H1 chart we havent seen a reversal pattern just yet, so ideally i want to wait for a higher high before i even think about buying yen pairs but i will have my trade plans in place using the 10 Y T Note as guidance. Maybe we see some profit taking during the course of the day.

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