TL ahead of BoE

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.

GU4

GBP/AUD 4hr: watch the triangle trend lines and 1.75 for any make or break activity.

GA4

GBP/NZD 4hr: watch the triangle trend lines and 1.90 for any make or break activity.

GN4hr

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:

GJ4hr

Others:

EUR/USD 4hr: watch the Flag trend lines for any make or break activity.

EU4

AUD/USD 4hr: watch the daily chart’s 17-month support trend line for any make or break activity.

AU4

EUR/AUD 4hr: watch the triangle trend lines and 1.50 for any make or break activity.

EA4

NZD/USD 4hr: watch the wedge trend lines for any make or break activity.

Kiwi4

USD/MXN 4hr: watch the triangle trend lines and 19 level for any make or break activity.

USDMXN4hr

USD/JPY 4hr: this breakout move is up 130 pips now:

UJ4

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:

EN4hrEN4hrCloud

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:

Oil60min

Oil 15 min:

Oil15min

 

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