Today’s highlights:
EURUSD has bounced at price support at 1.2605. We allow for nearterm strength to extend, but stay bearish for an eventual break lower to retest 1.2500/2460.
EURGBP stays bearish for .7849, beneath which would again expose key support at .7766/55.
GBPUSD remains under downside risks while minimally capped below the 1.6186 pivot level.
USDCAD trend stays higher to retest the 1.1386 peak, above which would look to medium-term channel resistance at 1.1568.
USDJPY remains bullish for 109.24 initially, ahead of the October peak at 110.09.
EURJPY has completed a base, leaving the immediate risk topside for a retest of the 55-day average at 137.48/50.
Read the full report: FX Daily