Today’s Potential New Breakout Signals
Today we highlight five potential breakouts today that could prove valid on today’s close of trading (breakout signals only registered on successful closes beyond the breakout level). Four of these are repeats from yesterday in which the closing price did not meeting the breakdown criteria. The new entry here relative to yesterday is EURJPY, which is not only looking below the low 19-day close of late, but also below a key pivot zone that has developed in recent weeks around 124.50, as discussed in the chart highlight below.
Table: Five potential breakouts today and methods for trading
The JPY is making broader waves her as both USDJPY and EURJPY are looking at breaks lower, but the USD is also weak out in Asia as USDSGD and USDTHB are also looking lower and the Chinese currency (not tracked here) has surged strongly in recent weeks.