FX Daily Majors

Today’s highlights:

• EURUSD aims at 1.3072/73 which we look to try and cap. Only above here would signal a more extended recovery to 1.3195/3243.
• GBPUSD rebound has extended through 1.5236, but we look for a fresh attempt to top at 1.5308/32.
• USDJPY’s extension below former trendline support, now resistance, at 101.74 leaves corrective risks to 99.95/77.
• NZDUSD remains capped beneath .8215 leaving the bias lower to .7923/14 next.
• AUDUSD is still vulnerable to a short-term bounce but we look for .9843/55 to continue to cap to keep the medium-term risks lower to .9407/9388.
• EURGBP remains in a near-term range, but we stay bullish for a break above .8600/07 to test .8639/56.

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