Today’s highlights:
● USDJPY above 99.15 completes a large bullish “triangle” continuation pattern and we target 101.54/61 initially, then back to 103.10/74.
● EURJPY still needs to remove 132.30/75 to resolve its range higher.
● EURUSD is expected to see a clear break beneath 1.3186 to set a bigger top for 1.3144, ahead of 1.3021/1.2980.
● USDCHF remains on course for the key .9395/97 barrier, an eventual break above which is expected to establish a bigger base.
● EURGBP maintains its break of key uptrend and price support, to target .8420/.8398.
● GBPUSD continues to hold “neckline”/channel support at 1.5455/22.
● AUDUSD continues to hold trend support from the early August low for now, but only above .9071 would see a near-term base.
Read the full report: FX Daily
Credit Suisse