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Quiet start to the week

The holiday Monday in the US has kept markets relatively quiet and the US$ remains range-bound. There was a risk-on tone during the Asian session though with a weaker Yen and the ASX-200 closing higher and this has helped to trigger some trend line breakouts.

 

NB: the next mid-week update won’t be until Thursday.

 

Data:

 

DXY daily: remains range-bound so watch for any new b/o:

 

Trend line breakouts:

ASX200 4hr: a TL b/o for 45 points BUT watch the pre-2020 High for any new make or break:

 

GBP/JPY 4hr: a TL b/o for 90 pips so watch for any push to 147:

 

 

USD/JPY 4hr: watch the monthly 200 EMA for any new make or break:

 

AUD/JPY 4hr: a 50 pip TL b/o but watch 0.78 for any new make or break:

 

AUD/JPY 4hr: watch the monthly 200 EMA for any new make or break:

 

Gold 4hr: watch for any new TL b/o:

 

Other charts: little changed from w/e analysis.