TC Signal: The one valid TC signal so far this week on the GBP/JPY has now given up to 370 pips.
New TC Signals off my 7 am candle:
A/J: the A/J is above the Cloud on the daily and in the Cloud on the 4hr chart. A small move higher would make this new TC signal valid:
A/J 4hr:
A/J 4hr Cloud:
Cable: this pair has triggered a new TC signal as well. It is above the 4hr Cloud but well below the daily Cloud and thus has room to move higher. Warning:Â The Scottish referendum vote is still undecided here though:
Other FX:
E/U: has bounced up off the major support of the monthly 200 EMA and 61.8% fib level. I discussed this support level in article that I wrote yesterday.
E/U 4hr:
E/U weekly Cloud:
E/J: this has continued its run higher as well. Major resistance lies ahead though as explained in my post from yesterday.
E/J 4hr:
E/J daily: showing the 61.8% fib above @ 141:
A/U: any continued USD weakness would help develop the bullish ‘inverse H&S’ here:
U/J: this triangle breakout move has given up to 590 pips now!
Kiwi: still below the 0.82 but any new ‘risk on’ rally would help to lift this pair. Best wait until after the w/e NZ election though:
EUR/AUD daily: channel breakout holds for now:
GBP/AUD ditto here:
GBP/CHF: ditto here too:
USD/CAD: back to consolidating within the triangle and under the 1.10 level:
Silver: holding above a support trend line:
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