US10Y Big downside potential

The U.S. Government Bonds 10YR Yield (US10Y) has been since last week on a 1D MA50 (blue trend-line) rebound, consistently rising since the April 04 Low (Support 1). The presence of the Lower Highs trend-line just above it, puts strong selling pressure long-term.

As a result, either now or upon a Lower Highs contact, we expect the US10Y to turn bearish and Target 3.860% (Support 1).

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