UJ is running through old highs, puling in breakout traders that could find themselves under pressure in a correction at some point.
Brent is building a bullish case for the near term but it is bearish longer term while below weekly trendline resistance.
The UK 100 and DAX are looked at in this video with a bias to sell into the length for the sessions ahead.
GBP/USD has been building a bearish bias for the week and there could some more to go to the downside in the third day of shorts in the market.
Bears are in the market but meeting support near 1.0850. Bulls need to get on the back side of the bear trendline.
EURJPY is on the bid but running towards resistance so there could be a fading opportunity coming up soon.
US 100 is coiling in a rising wedge pattern on the daily chart which is a bearish feature. The near-term outlook is a test of resistance only to roll back over to the downside.
Gold is under pressure and testing support, but not anticipating a blowoff yet.
USD/JPY is in the hands of the bulls, for now. However, there is the possibility of a significant correction to the downside if support near 136.20 fails. 135.50 would then be eyed as the following video illustrates.
GBP/USD is under pressure in the New York session but support could start to play its role in the coming hours and lead to the formation of the right-hand shoulder of the inverse head and shoulders. This would be a bullish feature on the 4-hour chart.
NZD/CAD is headed towards a support area on the daily charts and there could be prospects of a move higher over the course of the week.
USDCAD´s W formation on the daily charts is drawing in the price towards the 38.2% fibo with eyes lower below there.
US30 is in the hands of the bears but it could be on the verge of an upside correction as it meets the hourly order block as per the analysis in the video.
GBPJPY is testing a key resistance area and the bears are looking for an opportunity to get short.
BTCUSd are breaking structures and the bias is lower, but the bulls will be looking for a reason to move in on a short squeeze.
USD/JPY bulls are running higher into a key resistance area near 135.50. Bulls are in control and a continuation could be on the cards towards 135.70. However, bears will be on the lookout for a fading opportunity below 135.50.
Gold is bearish with $2,000 eyed towards $1,970 below that for the medium term and next week. For the day, lower into the rally.
GBPUSD is moving lower but it is testing near-term support. A deceleration of the decline will be monitored by the bulls for an opportunity to buy low.