US$ strength has continued and this has been accompanied by Yen strength which helped to trigger a great trend line breakout on the GBP/JPY. I expect there will be some significant revision to the long-term chart patterns for this weekend’s update!

 

Data: I missed seeing the BoJ update as it was shaded as medium impact:

 

DXY daily: the trend line looks like it will be broken on the weekly time frame but note the current pause at the 61.8% fib, circa 92, of the recent swing Low.

 

Currency Strength Indicator 4hr: note the USD and JPY strength:

 

Trend line breakouts:

GBP/JPY: this gave a great TL b/o for around 130 – 150 pips and could have been caught by short-term traders off the 15 min or 30 min chart during the European session for a great Risk: Reward set up!

GBP/JPY: 4hr: chart from Thursday’s update:

 

GBP/JPY: 4hr: the chart today after a great TL b/o for around 130 – 150 pips:

 

GBP/JPY: 15 min: note the great 3 R trade that was available here during the European session:

 

GBP/JPY: 30 min: ditto:

 

Gold 4hr: this TL b/o trade is up $100 BUT note the pause at the 61.8% fib, circa $1,770, so watch this for any new make or break:

 

EUR/USD 4hr: this TL b/o trade is up 200 pips BUT watch 1.90 for any new make or break:

 

AUD/USD 4hr: this TL b/o trade is up 120 pips BUT watch the daily 200 EMA for any new make or break:

 

AUD/JPY 4hr: this TL b/o trade is up 140 pips BUT watch 83 for any new make or break:

 

NZD/USD 4hr: this TL b/o trade is up 100 pips BUT watch 0.70 for any new make or break:

 

GBP/USD 4hr: this TL b/o trade is up 160 pips BUT watch 1.39 for any new make or break:

 

Other markets:

S&P500 4hr: watch for any new TL b/o:

 

ASX-200 4hr: watch for any new TL b/o:

 

USD/JPY 4hr: watch the support TL for any new breakout move: