GB05Y - Sell!UK 5 YEAR GOVT BONDS YIELD
The chart above shows a potential trade for this asset; it is currently bearish following the recent surge that started around the beginning of August 2022.
Heed your DD!
GB02Y
ridethepig | Gilt Yields Breaking the GridlockThe best move, since the breakout of the consolidation after an early basing development is to work the heat of the bid. It is much more about the political configuration than and how to work against the economic pain coming from Brexit.
As well as moves in Pound and UK Equities becoming clear, Rishi Sunak now playing the tax cuts, which combined with the overdraft extensions and BOE front loaded cuts allows us to completely paralyse sterling buyers in the majority. The latest squeeze is a false liberation!! It will only manage to create enough energy for further weakness !! The isolated Pound will fall and go on to occupy the lows once more, we can open a new cable chart for those wanting to trade the flows live.
By calling to their aid the tax cuts, Yields will be forced to spike into the highs and force our opponent onto the back-foot. If price escapes the highs in a freeing momentum break, we can see a surplus of tempo once inflation hits shore. This demonstrates how deadly the paralysing of Downing Street was from Cameron.
Failed breakoutsGbp is gonna fall. It is in wrong value in relation to British 2yrs bonds yields.
The bearish scenario was also predicted in my previous post analyzing just price action and Gbp index.
A poor bullish price action is due to the end of the month. April candle is closing in 1 day and the european national banks trying to push the monthly close somewhat higher as we broke the historical euro 20 yrs trend-line (gbp, chf move along after euro).
Coincides with our BTCUSD (85 percent positive correlation with GBPUSD) analysis where we detected a reversal after Bitcoin hit yearly pivot.
For educational purposes only.
Top correlation 1 day -
1 GBPUSD - GBPSGD 95.0%
2 GBPUSD - NZDUSD 94.7%
3 GBPUSD - AUDUSD 91.0%
4 GBPUSD - USDNOK -90.3%
5 GBPUSD - GBPCHF 89.0%
6 GBPUSD - EURNOK -87.4%
7 GBPUSD - GBPJPY 87.3%
8 GBPUSD - USDCAD -86.1%
9 GBPUSD - BTCUSD 85.0%
10 GBPUSD - EURGBP -84.9%
