Today’s highlights:
EURJPY has completed a bearish “outside day” and we stay biased lower for a move towards 145.59.
USDJPY’s immediate risk stays lower for 116.34, followed by 115.49/45.
EURUSD continues to try to build a near-term base, and the focus stays immediately on 1.2496 with a tougher test seen at 1.2543/2600.
USDCHF continues to trade heavily and the threat of a bear “wedge” remains in place.
GBPUSD remains capped by trendline resistance at 1.5717.
USDCAD has rallied to test the lower end of our long-term core target at 1.1666/1766.
AUDUSD risk stays lower while capped below the near-term falling trendline at .8301.
Read the full report: FX Daily