Today’s highlights:
GBPUSD is holding key support at 1.6693/61 for now, but an eventual break remains favoured to complete a large top.
EURGBP is expected to hold below .8036 at first, ahead of a move to .8074/75 – 38.2% of the March/July fall.
EURUSD stays sideways for now, but we stay bearish for a break below 1.3333, for our 1.3248 target.
NZDUSD continues to hold key support at .8402/.8395 for now, and only below here would mark a more important top.
AUDUSD ideally holds below .9329/41, for a retest of .9240/02.
USDCAD is at risk to a deeper setback to 1.0868/45, which we look to hold.
USDJPY is expected to test the range highs at 103.03/12.
EURJPY above 137.08/18 eases the immediate downside bias.
Read the full report: FX Daily