Today’s highlights:
USDJPY has set a top and the prod beneath the 38.2% retracement support at 102.08 warns of a deeper setback to 101.02/01.
EURJPY is under pressure to extend its setback to 138.46/43.
AUDUSD is undergoing a concerted attack on .8674 – the 38.2% retracement of the entire 2001/2011 bull market.
USDCAD is correcting recent gains, but we look for 1.0969/51 to hold to keep the trend higher to our 1.1234 first objective.
EURGBP rebound extends, but we look for the 55-day average and chart resistance at .8336/51 to ideally cap.
GBPUSD is expected to find better support at 1.6399/53 to maintain the uptrend.
EURUSD has been capped near-term below the 61.8% retracement barrier at 1.3745 to establish a new high level range.
Read the full report: FX Daily
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