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Post-Brexit talks trigger GBP move

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: