Today’s highlights:
EURUSD immediate risk stays lower for September’s low at 1.3104, followed by 1.3020/15 – the 50% Fibonacci retracement of the rally from July 2012/ May 2014.
USDJPY has been capped by 78.6% retracement resistance at 104.47, but we view weakness as corrective for now.
EURJPY has seen a bearish “reversal day”.
USDCHF ideally holds support at .9104/03 to keep the immediate upside bias.
GBPUSD has managed to hold above support at 1.6523/10 for now – the 50% retracement of the Nov-13/July-14 rally and price support.
EURGBP spotlight turns towards trendline and price support at .7952/22.
USDCAD spotlight turns to key price and “neckline” resistance at 1.0987/99.
Read the full report: FX Daily