Today’s highlights:
EURUSD spotlight turns back to the 1.2358 low, beneath which targets the lower end of the medium-term range at 1.2224.
EURGBP’s rejection at medium-term channel resistance at .8014/66 maintains the broad range.
EURJPY immediate risk stays lower for 144.79/71.
USDJPY continues to hold above price support at 117.09/02, suggesting the immediate risk can stay topside for a retest of 118.98.
USDCHF’s rebound from the 61.8% retracement/55-day average support at .9519/07 turns attention back to the .9742/67 barrier.
GBPUSD stays bearish and we look for an extension of weakness through 1.5593/90 to test the 1.5429/22 lows.
AUDUSD’s near-term strength ideally stays capped below .8795/97.
Read the full report: FX Daily