FX Daily Majors

Today’s highlights:

* USDJPY spotlights turns to the key 101.54/61 barrier. Above here is needed to open up a test of the year’s high at 103.10/74.
* EURJPY stays bullish for our 139/141 long-held target.
* AUDUSD has broken the “neckline” to the summer base, and we stay bearish for .9077 next.
* NZDUSD spotlight stays firmly on key basing and 200-day average support at .8174/64. A break is looked for, to complete a top.
* USDCAD rallies strongly and we stay bullish for 1.0569, then 1.0616.
* EURUSD is expected to hold below trendline and 55-day average resistance at 1.3523/26, to retest 1.3295/94.
* EURGBP stays on course for key price and 50% retracement support at .8300/.8285.

Read the full report: FX Daily

 

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