The main talking point for the start of the week has been Yen weakness which helped to develop great trend line breakouts across the USD/JPY, AUD/JPY and GBP/JPY. There isn’t a lot of change across other charts but I am surprised to see the EUR/USD holding up so well considering the US$ strength.

 

Data:

 

DXY weekly: a bit higher to start the week:

 

Trend line breakouts: these were all aligned and due to Yen weakness.

USD/JPY: a great TL b/o above the 112.30 level.

USD/JPY 4hr: chart from the weekend update:

 

USD/JPY 4hr: chart today after the TL b/o for up to 100 pips:

 

USD/JPY 15 min: note the great b/o here for 5 R:

 

AUD/JPY: a great TL b/o above the 82 level.

AUD/JPY 4hr: chart from the weekend update:

 

AUD/JPY 4hr: chart today after the TL b/o for up to 120 pips:

 

AUD/JPY 15 min: note the great b/o:

 

GBP/JPY: a great TL b/o above the 153 level.

GBP/JPY 4hr: chart from the weekend update:

 

GBP/JPY 4hr: chart today after the TL b/o for up to 150 pips:

 

GBP/JPY 15 min: note the great b/o here for 3 R:

 

Other markets:

S&P500 4hr: lower but on low momentum:

 

ASX-200 4hr: ditto:

 

Gold 4hr: drifting:

 

EUR/USD 4hr: holding up rather well considering:

 

AUD/USD 4hr: watch for any new TL b/o:

 

NZD/USD 4hr: watch for any new TL b/o:

 

GBP/USD 4hr: watch for any new TL b/o: