Today’s highlights:
USDJPY’s break below 106.64/55 leaves the immediate bias bearish for weakness towards 104.69/36 next.
EURJPY has recovered but while still below 136.58/59, the risk stays marginally lower.
EURUSD’s break above 1.2792/2808 sets a base for a move up to 1.2996/1.3020, where we would look for a cap.
EURGBP spotlight turns to the .8066/72 price/trendline barrier where we look for an attempt to find a ceiling and turn lower again.
GBPUSD has initially held the 1.5854 price low, but through 1.6228 is still needed for a near-term base.
USDCAD ideally holds above 1.1159/46 to keep the trend higher.
NZDUSD above .7999 can see a more concerted recovery.
AUDUSD remains in its broad sideways range.
Read the full report: FX Daily