The wedge b/o on Gold continued last session but the only other decent movement came from GBP weakness as post-Brexit trade deals talks reach a deadlock. Momentum remains low across many instruments so keep watch for any new momentum-based trend line breakouts.
Data: just lots of second tier data today:
Earnings:
DXY daily: an indecision Spinning Top daily candle as the weekly chart’s wedge support trend line holds:
Trend line breakouts:
Gold 4hr: this TL b/o is now at $50 and the $1,900 remains as the main target:
GBP/USD: the deadlock with post-Brexit trade talks triggered the b/o here.
GBP/USD 4hr: this TL b/o gave up 200 pips:
GBP/USD 15 min: note how the biggest move came after the Asian session. Range b/o traders might have been able to catch this move:
GBP/JPY: the deadlock with post-Brexit trade talks triggered the b/o here as well.
GBP/JPY 4hr: this TL b/o gave up 150 pips:
GBP/JPY15 min: note how the biggest move came after the Asian session here too. Range b/o traders might have been able to catch this move:
Other markets:
S&P500 4hr: watch for any momentum-based TL b/o:
ASX-200 4hr: watch for any momentum-based TL b/o:
EUR/USD 4hr: watch for any momentum-based TL b/o:
AUD/USD 4hr: watch for any momentum-based TL b/o:
AUD/JPY 4hr: watch for any momentum-based TL b/o:
NZD/USD 4hr: watch for any momentum-based TL b/o:
USD/JPY 4hr: watch 104 and for any momentum-based TL b/o: