5/31 Forex

Two new breakouts among the 124 currency pairs I follow. AUD and CHF have declined sharply, suggesting they are no longer the flavors of the month.

sym	phase	adx	bday	blevel	stop	atr	atr%
GBP/THB		16	may31	฿49.96	฿49.60	0.36	0.7%
NZD/JPY*		18	may31	¥66.700	¥65.717	0.983	1.5%

GBP/THB’s bull breakout runs counter to the pair’s short carry bias of more than 200 basis points.

NZD/JPY is aligned with a long carry bias exceeding 250 basis points.