Trade war worries seem to have eased last session and this led to increased risk appetite and Yen weakening. The EUR/JPY finally broke out to the upside, I’ve been waiting a couple of weeks for this, and other charting patterns are shaping up nicely for potential new breakouts.
EUR/JPY 4hr: I’ve been waiting for a momentum-based bullish breakout here for a couple of weeks and finally seem to have it playing out.
EUR/USD 4hr: this looks bullish as it holds above the monthly 200 EMA. Watch for any move to the 1.260 level:
AUD/USD 4hr: Bullish so far but watch with the RBA later today:
AUD/JPY 4hr: ditto:
NZD/USD 4hr: still building here:
GBP/USD 4hr: ditto:
USD/JPY: no 4hr breakout yet but a decent enough TC signal came in the US session:
USD/JPY 4hr: the 4hr chart pattern is building here too:
USD/JPY 15 min: waiting for low-risk set ups in the US session is the way to go at the moment. This pair gave 75 pips and a 5 R trade last session:
GBP/JPY 4hr: and here also:
Gold 4hr: messy st the moment and we need to see a clearer move on the US$ before this make up its mind:
Oil 4hr: building nicely here: