I am away at the moment and this is just a quick chart update with revised trend lines ahead of tonight’s GBP Manufacturing data and BoE inflation report and interest rate update.
GBP/USD 4hr: watch the triangle trend lines and 1.30 for any make or break activity.
GBP/AUD 4hr: watch the triangle trend lines and 1.75 for any make or break activity.
GBP/NZD 4hr: watch the triangle trend lines and 1.90 for any make or break activity.
GBP/JPY 4hr: watch the 147 level for any make or break activity. Note that there is a major monthly chart bear trend line about 300 pips above current price action:
Others:
EUR/USD 4hr: watch the Flag trend lines for any make or break activity.
AUD/USD 4hr: watch the daily chart’s 17-month support trend line for any make or break activity.
EUR/AUD 4hr: watch the triangle trend lines and 1.50 for any make or break activity.
NZD/USD 4hr: watch the wedge trend lines for any make or break activity.
USD/MXN 4hr: watch the triangle trend lines and 19 level for any make or break activity.
USD/JPY 4hr: this breakout move is up 130 pips now:
EUR/NZD 4hr: this pair gave a trend line breakout move for 250 pips before price action reversed. Keep an eye on the 160 level now for any new make or break:
Oil: there has finally been a breakout move on the 60 min chart and note how there was a new TC LONG on the 15 min chart that triggered along with this breakout move:
Oil 60 min:
Oil 15 min:
