Updated Watchlist
Looks like we’re in low volume/high volatility conditions like we talked about yesterday. Very difficult to predict movement however we can see that there are a few pairs that did move and are showing signs of tiring and if they moved once, I’m willing to watch them again.
GBP/USD: Left its consolidation area and has hit the 200% extension level. Long wicks are showing possible signs of rejection of the next high and may give a small area of indecision to work off of . This makes a new higher high for the pair (on the 1h chart) but I’m not sure it can hold on from a fundamental point of view. Even if this pair turns around I can’t see it happening soon, so the pullback seems more likely to me (at least to setup an upside down H/S on the 4h). Same can be said of the GBP/JPY
NZD/USD: Has finally retested old support levels from the consolidation area that came near the 800sma on the 4h chart. While it may be ready to go hit the 4h 800sma, it feels ready to retrace first…to about the .7090 area.
EUR/USD & USD/JPY (thusly the EUR/JPY as well): Maybe a fresh breakout… I’ll have to wait and see what that looks like.
IF you’re trading what are you trading and watching?
IF you’re not, what are you looking for or expecting to happen after this week?
Let me know what’s on your mind and if you can join me at Noon EDT on FXStreet I’d love to see you there.

Triffany Hammond helps traders of all levels, gain the tools, resources and guidance necessary to build on their strengths and work around their weaknesses so that they can make the best possible decisions for themselves in the Forex Market. Triffany is a regular speaker and contributor at
I got faked out on that USDJPY H4 box trade (inside bars), but have my ‘revenge’ (not a positive trading word, I know!) on a Stop ‘n Reverse. Recaptured some pips and trailing now…
Things seem fairly subdued out there, as discussed… anyone feeling the same?