Better than expected UK Employment data and thoughts of BoJ easing have helped to strengthen the GBP£ and weaken the Yen¥. This has triggered quite a few new TC signals with more still building.
USDX daily: has been talked up a lot but closed with a indecision-style Doji.
New TC Signals:
GBP/AUD 4hr: long
GBP/JPY 4hr: long
USD/JPY: has triggered a new TC long signal AND broken a bear trend line that has been in play for the last 6/7 months:
EUR/JPY 4hr: long
Gold 4hr: I’m wary of this SHORT signal though as there is wedge trend line support and then the $1,300 level nearby:
Nearly forming TC signals:
A/J 4hr: ?? long
GBP/USD 4hr: the inverse H&S is shaping up here too!
EUR/NZD 4hr: ?? long
GBP/NZD 4hr: ???long
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