Today’s highlights:
– USDJPY continues to hold below 103.10 for now, and a deeper setback remains favoured prior to the core uptrend resuming.
– EURJPY also holds below trend resistance at 133.50, and we favour a setback to 130.80/60 prior to the uptrend resuming.
– NZDUSD has seen its expected bounce from our .8067/52 initial target, but with strength seen as corrective ahead of a break lower in due course.
– AUDUSD has also seen its expected near-term rebound, but with our core outlook bearish for .9585/75.
– USDCHF is consolidating following the decline to our .9770 target, but our broader outlook stays bullish.
– EURUSD only sees a major top below 1.2772/46.
– GBPUSD ideally holds below 1.5323/43, for a decline to 1.5128.
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