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Momentum slides into Easter break

The US$ rally paused last session as stocks and the Yen crept higher to finish off the end of month and quarter. Momentum is declining across many Forex pairs and I expect this might be the case until after the Easter break.

 

NB:  My next update will be the weekend update, published by Monday, due to the long weekend Easter break.

 

Data: lots of second tier data.

 

DXY daily: an indecision style candle as Easter looms:

 

Trend line breakouts:

USD/JPY 4hr: this TL b/o has given up to 80 pips so watch 111 for any new make or break:

 

GBP/JPY 4hr: this TL b/o has given up to 60 pips so watch 153 for any new make or break:

 

S&P500 4hr: this TL b/o has given up to 20 points BUT watch 4,000 for any new make or break:

 

Other markets:

ASX-200 4hr: holding above 6,800 but watch for any new TL b/o:

 

Gold 4hr: holding above $1,670 but watch $1,700:

 

EUR/USD 4hr: holding above 1.17 but watch for any new TL b/o:

 

GBP/USD 4hr: holding near 1.38 but watch for any new TL b/o:

 

AUD/USD 4hr: holding near 0.76 but watch for any new TL b/o:

 

NZD/USD 4hr: holding near 0.70 but watch for any new TL b/o: