GBP/JPY: the one to watch today: By Mary McNamara

I’m traveling today but note the GBP/JPY is up testing a bear trend line near the key 150 level so this seems to be the pick of the bunch today; especially with pending GBP Construction PMI.

GBP/JPY 4hr: watch for any momentum-based trend line breakout; especially with today’s GBP Construction PMI.

USDX daily: watch for any continued efforts with this breakout:

TC Upgrade Reminder: Recall that I am upgrading my website so please be patient throughout this process in case access is impacted at all. My blog site started rather humbly as a method of distraction for me back in 2011 when I was undergoing chemotherapy. During that time it has evolved to be a more professional site where I post charts and detailed technical analysis on numerous trading instruments for free and on a very regular basis. The roll over to the new site will take place within the next couple of weeks and part of this change will involve a small subscription fee, of $10 AUD per month, for access to SOME of my weekday Posts and ALL of my weekend Posts. I consider this a modest cost for my intellectual property given the time taken to prepare and post the various articles of analysis. I have enjoyed a lot of support over the years and received abundant positive feedback and I hope this relationship can continue with my many followers.

May-June 2018:  Just FYI: I will be spending the last week of May and the first three weeks of June in the UK giving my TC system a thorough workout during the European and US trading sessions.

NB: I am traveling this week so this and subsequent updates will be brief.

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