There hasn’t been a lot of change ahead of today’s US jobs report and I have revised trend lines on most charts to reflect this lack of activity. Remember there is the 4th July weekend ahead too.
Data: NFP is the main item today.
DXY daily: remaining strong ahead of today’s NFP BUT watch to see if this holds:
Trend line breakouts:
S&P500 4hr: a small TL b/o for 20 points:
USD/JPY: this has been strong for the last two sessions.
USD/JPY 4hr: a TL b/o for up to 60 pips:
USD/JPY 30 min: note how short-term traders could have caught some pips after the Asian session here over the last two days:
Other Markets:
ASX-200 4hr: revised TL here due to low momentum so watch for any new b/o:
Gold 4hr: revised TL here due to low momentum so watch for any new b/o:
EUR/USD 4hr: watch revised TL for any new b/o and note the look of a descending wedge:
AUD/USD 4hr: watch revised TL for any new b/o and note the look of a descending wedge:
AUD/JPY 4hr: watch for any new TL b/o:
NZD/USD 4hr: watch revised TL for any new b/o:
GBP/USD 4hr: watch revised TL for any new b/o and note the look of a descending wedge:
GBP/JPY 4hr: watch for any new TL b/o: