Today’s highlights:
GBPUSD has declined to test key basing and 61.8% retracement support at 1.5752/22.
EURGBP stages a bullish “outside day” reversal above “neckline” and price resistance at .7863/76, which sets a base.
NZDUSD’s extension above the downtrend at .7865 keeps the current correction alive, for a move to .7974/79.
AUDUSD ideally holds below .8764 to keep the immediate risk lower.
EURUSD holds in a low level range and capped below 1.2534/41, leaving the immediate risks still lower.
USDJPY remains contained in a high level range and needs to hold above 114.89/63 to keep the immediate risks higher.
EURJPY is stretched near term, but the trend stays higher to challenge the December 2013 peak at 145.69.
Read the full report: FX Daily