Today’s highlights:
• USDJPY beneath 98.72/58 is needed to see a bigger top for price and cloud support at 97.34/00.
• EURJPY’s break beneath 130.27/129.97 signals a deeper correction to 128.18, and potentially 127.12/05.
• EURUSD through 1.3072 can signal a better base.
• NZDUSD’s rebound is seen as corrective and we look for .8163/83 to cap to keep the risks lower for a retest of .7923/14.
• AUDUSD staged a long overdue correction, and we look for further strength to .9843, and maybe even .9921/31.
• GBPUSD needs to break above 1.5378/89 to establish a better base, and see a recovery to 1.5480.
• USDCHF’s sell-off has extended to target the 200-day MA and trend support at .9358/25, where we would look for a fresh floor.
Read full report: FX Daily
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