Today’s highlights:
GBPUSD’s break below 1.6283/52 warns of further weakness to 1.6002/00 – the 50% retracement of the 2013/2014 uptrend.
EURGBP has gapped higher, but only above .8036/37 would see a base established.
EURUSD is expected to stay directly bearish for our 1.2787/55 target.
USDCHF stays higher for the 61.8% retracement barrier at .9405 next.
USDJPY risk remains topside for a clear break above 105.48/60, to target 107.39 next.
EURJPY spotlight stays on the low of the year at 135.72.
AUDUSD’s immediate risk stays higher towards .9426/37.
NZDUSD is expected to stay capped at .8389/.8409.
Read the full report: FX Daily