Today’s highlights:
USDJPY is expected to retrace lower prior to the uptrend resuming, potentially back to gap support at 112.65/33.
EURJPY maintains its bearish “reversal day”, but with a break below 142.19 needed to mark a near-term top.
NZDUSD needs to hold below .7843/48 to keep the immediate risk lower, and thoughts of a large top.
AUDUSD is holding the 50% retracement of the 2008/2011 uptrend at .8546, but we look for resistance at .8763/64 to try and cap.
USDCAD has completed a small top, warning of further near-term weakness to 1.1262/53.
EURUSD remains unable to hold its break of support at 1.2460, but we look for 1.2534/41 to try and cap to keep the immediate risk lower.
GBPUSD ideally holds support from top of the 2013 base at 1.5752/22.
Read the full report: FX Daily