USD/JPY should check support at 104.75/50. The pound suffers badly.

EURUSD: EUR/USD should give something back. Correctively target 1.3145\53 before down. Next medium-term key ref below at 1.3104… USD/JPY should at least retest support at 104.72/50… GBP/USD should extend losses to/below 1.6400 after a short correctional bounce… EUR/SEK tests a recent 9.2250 peak again. Short-term key above is located at 9.27 +/-30 pips… USD/SEK trades into a 7.0345 test in spite of a short-term stretch… GBP/SEK should attract buyers around 11.5250 – or else fall back towards ~11.45/40… EUR/NOK over 8.1435 would target 8.1635\8.1750… AUD/USD is threatening to bearishly break a “Neckline” at 0.9235… Spot Gold fell sharply yesterday, bringing $1,240 into sight… The rand suffers from dollar strength and USD/ZAR extends gains towards 10.84 next… EUR/PLN is in another attempt higher. Watch 4.2260… The Sep Bund has started a correction lower. The 1st key ref below to keep in mind is located at 150.40… The US Dec tens is moving back to 124-30/124-16… The Sep S&P500 contract shows hesitation at a fresh high… The Oct Brent Crude contract fell sharply yesterday and should soon extend losses to below the $100-mark..

Read the full report: Technical Alert