There hasn’t been much to update with FX but some of the Yen pairs look to be trying to carve out a move to the upside. There have been two new TC signals triggered with this movement BUT both signals are flagging for the time being. I’m still keenly watching to see where the NASDAQ closes for the month as 5,200 is still holding for the time being.
USDX 4hr: the US$ is struggling again at the daily 200 EMA BUT any close above this level would help to lift the U/J and this should help to drag the other Yen pairs higher:
NASDAQ monthly: watch for any August close above 5,200 as this would mark a significant bullish breakout:
U/J 4hr: this gave a new TC LONG signal yesterday after a triangle break BUT it is struggling:
E/J 4hr: this also gave a new TC LONG signal yesterday after a triangle break BUT it is struggling:
A/J 4hr: this has given a triangle breakout BUT no new TC signal as price is in the 4hr Cloud:
GBP/JPY: this pair is trading back at a major S/R zone near 134. This is the monthly charts 78.6% fib and any monthly close( ie after tomorrow) above this level would be a bullish signal. Note the daily Cloud though lingering as menacing resistance above current price:
G/J daily Cloud:
G/J monthly: showing the importance of the 134 level:
The post Some Yen pairs trying to carve higher but NASDAQ still in focus. appeared first on Trade Charting.
The post Some Yen pairs trying to carve higher but NASDAQ still in focus. appeared first on www.forextell.com.