Today’s highlights:
* USDJPY finally clears the 103.10/74 barrier, and we stay bullish for 105.60/106.00 next, and eventually 110.60/111.60.
* EURJPY stays bullish for the “neckline” to the 2008 top at 149.25/27.
* AUDUSD stays bearish to test the year’s lows at .8892/48. We allow for an initial hold here, but look for an eventual break lower to .8675.
* USDCAD’s solid defence of 21-day average and trendline support at 1.0575/47 keeps us bullish for 1.0802/54.
* USDCHF focus remains on important 38.2% retracement support at .8862. Beneath would see weakness extend to .8568/18.
* EURUSD has found selling on approach to resistance at 1.3833/35 and we look an attempt to turn lower from here.
* GBPUSD needs to hold 1.6293 to avoid a top.
Read the full report: FX Daily
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