Look for confirmation of a correctional low in GBP/USD

EUR/USD remains stuck in the 1.3512\1.3588 range. A correctional GBP/USD low is likely not far off, possibly already at 1.6938/22. USD/JPY could extend gains to test attraction/resistance at 102.40 & 102.65. EUR/SEK still enjoys support at 8.99-8.97. USD/SEK keeps attracting bids near 6.60. EUR/NOK lacks confirmation of a top in place and needs a sub-8.10 break to get this. GBP/SEK should start rising from support at 11.23. The bigger picture targets 11.52. AUD/USD keeps tracking lower with focus on the important 1.0745 ref. The USD/MXN rally continues to test 13.1530 next. USD/ZAR is rallying too and focus now urns to 10.9785. EUR/PLN should expand gains into a 4.16\17 test. The Sep Bund contract is weaker than thought and could retest 144.58 to lure responsive buyers back to the market. US Sep tens could lose support at 123-25. The Sep S&P500 contract should soon encounter more selling, forcing it into a 1,904 test. The Aug Brent Crude contract consolidates recent gains before extending those again.

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