FX Daily Majors

Today’s highlights:

* GBPUSD’s break below the 1.5894 October low sets a bearish “double top”.
* NZDUSD continues to threaten a bearish “head & shoulders” top.
* AUDUSD stays bearish to test the top of the summer base at .9223/07.
* EURUSD ideally holds below 1.3495/3500 to see a test of the 200-day average at 1.3230/16.
* USDJPY above 99.99 would suggest a fresh attempt to establish a bull “triangle” has been achieved, to target 101.54/61.
* EURJPY’s break above 133.75/85 should open up a move back to the 135.48 high.
* USDCAD stays on course for its 1.0569 August high.

Read the full report: FX Daily

 

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