The latest market rally paused following the release of disappointing US Retail Sales data and the rising Covid case load across the USA and Europe. Keep an eye on the US$ index for clues about the next move as it trades down near a recent support trend line.

US Retail Sales: a decent ‘miss’:

DXY daily: watch for any new TL b/o:

Trend line breakouts:

USD/JPY: below the 104.5 level and this move gave an OK short term signal after the Asian session:

USD/JPY 4hr: watch 104 for any new make or break:

USD/JPY 15 min: a decent range breakout trade was on offer here:

GBP/USD 4hr: Some positive Brexit news might have helped here. A 50 pip TL b/o but watch 1.33 for any new make or break:

Other markets:

S&P500 4hr:  watch 3,600 for any new make or break:

ASX-200 4hr:  watch 6,550 for any new make or break:

Gold 4hr:  still below $1,900;

EUR/USD 4hr:  watch trend lines and 1.19 for any new make or break:

AUD/USD 4hr:  watch trend lines and 0.73 for any new make or break:

AUD/JPY 4hr:  watch 76 for any new make or break; especially if stocks pull back:

NZD/USD 4hr:  watch trend lines and 0.69 for any new make or break:

GBP/JPY 4hr:  watch trend lines and 138 for any new make or break: