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Lack of direction

There has been choppy price action across the charts with most showing a lack of direction following the Monday holiday in the US and UK. Today brings Aussie GDP data but this chop could well continue until Friday’s US NFP.

 

Data:

 

DXY daily: still no breakout:

 

Markets:

S&P500 4hr: still hovering near 4,200:

 

ASX-200 4hr: still hovering under 7,200:

 

Gold 4hr: still hovering near $1,900:

 

EUR/USD 4hr: still hovering near 1.22:

 

AUD/USD 4hr: still consolidating in a triangle:

 

AUD/JPY 4hr: still hovering near 85 and consolidating in a triangle:

 

NZD/USD 4hr: still consolidating in a triangle:

 

GBP/USD 4hr: still hovering near 1.42:

 

USD/JPY 4hr: still hovering under 110:

 

GBP/JPY

GBP/JPY 4hr: has pulled back from 156:

 

GBP/JPY 15 min: this move would have been one able to be caught by short-term traders as the 15 min chart reveals: