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Using my Platform as a Heatmap
AUDUSD outperforming after strong jobs report although there are questions whether it is an outlier
CHF underperforming after the 50bps rate cuit (not a surprise)
US bond yields continue to creep higher, givimg USDFJPY som,e support (held 151.90-00 cited yesterday as support)… inside day so far
EURUSD 1.05 remains the pivotal point ahead of ECB,,, surprise would be a 50bps cut, 25bps expected
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US500 4 HOUR CHART – 6100 OR BUST?
Just when it looked like US500 was ready for a retracement it switched gears and made a fresh run at the upside.
To keep this simple, anything other than a firm break of 6100 would be considered a disappointment.
So it is either consolidation (while above 6030-35) or a run at a new record high
USDJPY DAILY CHART – 152 remains pivotal
Looking at this chart you can see why 152 is pivotal as there is a void of key levels until above 155.
Look for a bid on dips as long as it trades above 151.90-00 but key level on the downside is 151.00
Resistance starts at 152.85 (Wed high).
FIBOS for 156/72-148.65
EURGBP MONTHLY CHART – Indicator of EUR weakness
Those who have followed me have seen me say to watch EURGBP for clues if trading EURUSD and/or GBPUSD
Break of .8267 opens the door for the major level at .8200… As this chart shows, .8200 is a 7-year low.
Back above .8250-67 would be needed to postpone the risk
Minor support is at .8225, Wednesday’s low.
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