GBP initially outperforming via firmer crosses…helped by the UK jobs report (dip in jobless rate, hotter wages)… but giving back early gains,,, e.g. EURGBP bounced after holding .8290 support (cited yesterday)
USDJPY focus is back on pivotal 152, brief test above failed to hold … US 10 year back above 4.50% marginally so far
EURUSD moves farther below 1.05. needs to hold 1.0447 or focus shifts to 1.0370-00
AUDUSD up marginally after widely expected 25bps rate cut, first one in 4 yearsa
Light US economic calendar means looking for news headlines elsewhere
Real time charting lalgo , amazing trading linesa that form patterns to trade.
AT identifies imbalances in a market where one side is having trouble absorbing the flows. It then shares a strategy to take advantage of these patterns to execute “high probability” trades.
Illustration:
One-hour USDJPY chart
Blue at lines indicate an Imbalance to the downside
So much for that move off a nothing burger headline… 10-year still above 4.65%… EURUSD needs to hold 1.0350-54 or risk turns back to the low… USDJPY staying bid
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