FX Daily Majors

Today’s highlights:
• USDJPY’s break above 98.65 allows a test of the top end of the range at 99.35.
• EURJPY spotlight turns to the range highs at 132.17/75. Above here is needed to re-open a test of the year’s high at 133.84.
• GBPUSD confirms a small top beneath 1.5609 and stays heavy for a move lower to 1.5422 next.
• EURUSD remains heavy and the focus stays on the channel lows at 1.3266. Beneath here is needed for a deeper sell-off to 1.3190.
• USDCHF continues basing efforts above the June .9130 spike low, and we still look for a turn higher from here.
• NZDUSD stays bearish for a move down to the year’s lows at .7693/83.

Read the full report: FX Daily

 

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