A new day…a new mood: By Mary McNamara

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:

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