1

Inauguration Day

There hasn't been a lot of movement and, as previously mentioned, I suggested this could be the case until after Inauguration Day. The GBP/JPY was one outlier giving another small trend line breakout.

 

Data: the main event today is the US President Inauguration:

 

DXY daily: no wedge b/o yet:

 

Trend line breakouts:

GBP/JPY:

GBP/JPY 4hr: a small TL b/o above 141 so now watch 141.50 for any new make or break:

 

GBP/JPY 15 min: a decent range b/o here for scalpers:

 

GBP/USD 4hr: a small b/o here too so now watch 1.365 for any new make or break:

 

Other markets:

S&P500 4hr: watch 3,800 for any new make or break:

 

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

 

Gold 4hr: revised TL to watch for any new b/o:

 

EUR/USD 4hr: a bit of wedge b/o here BUT watch the monthly 200 EMA for any new make or break:

 

AUD/USD 4hr: watch 0.77 for any new make or break:

 

AUD/JPY 4hr: watch 80 for any new make or break:

 

NZD/USD 4hr: watch 0.71 for any new make or break:

 

USD/JPY 4hr: watch TL and 104 for any new make or break: