The US$ has caught a bid again following upbeat US data but I note that the Aussie and Cable holding their ground relatively well. The EUR/JPY and GBP/JPY are approaching long-term trend lines making for new make or break levels to watch on these two.
Data: there is just EUR German Ifo Business Climate data today and the US Thanksgiving Holiday.
USDX weekly: back on track for a second consecutive bullish weekly close above 100:
Gold: Gold did not like this upbeat US data and gave a great 30 min trade overnight. The daily chart’s 50% fib has now given way so watch for any make or break at the 61.8% fin near $1,170:
Gold 30 min:
Gold daily:
Silver daily: watch for any make or break at $16 and, if this gives way, watch the 78.6% fib and key $15 level:
GBP/USD 4hr: the bullish US$ did not knock this off its perch. Watch trend lines for any breakout:
GBP/JPY: this is up testing a 16-month bear trend line so watch for any make or break:
G/J daily:
G/J 4hr:
EUR/JPY: this, too, is approaching a make or break major 2-year bear trend line:
USD/JPY: this is parked right at the 50% fib of the weekly chart’s swing low move. It might not do much more from here given the USA Thanksgiving w/e break but it is still worth monitoring:
AUD/JPY: this keeps on cruising higher following a multi-month trend line breakout and along with bullish momentum on stocks:
A/J daily:
A/J 30 min:
AUD/USD daily: lower with the bullish US$ but not hugely so. Watch the 50% fib for any make or break:
NZD/USD daily: this pair has dipped with US$ strength and is back loitering at the key make or break 0.70 level:
EUR/GBP weekly: this target still looks achievable:
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