Today’s highlights:
GBPUSD stages a “bullish” outside” reversal, which keeps the current corrective bounce alive.
EURUSD must still overcome 1.2989/3007 to set a small base. However, the medium-term bear trend stays intact.
USDJPY’s spotlight stays on potential trendline resistance at 107.53.
USDCAD is correcting lower, but we look for trendline and price support at 1.0868/11 to hold to keep the broader recovery in place.
AUDUSD risk stays lower while still capped below the 38.2% retracement of the recent sell-off at .9143.
EURJPY’s immediate risk stays higher and we look for a retest of the recent high at 139.31.
EURGBP remains in a sideways range, but the medium-term trend stays lower to our .7800/.7788 target.
Read the full report: FX Daily