Today’s highlights:
EURGBP’s break below .7755/43 begins to set a large top.EURUSD trend stays lower to the November 2005 low at 1.1641 next.
EURJPY is at risk of a correction higher towards 138.91/99, followed by 139.78.
USDJPY has completed a “hammer” candlestick, warning of a correction higher towards 118.86/96.
USDCAD holds below the 1.2000 barrier, but we stay bullish for a move above here to 1.2280 next.
GBPUSD extends recovery efforts, but above 1.5318/22 is needed for a small base.
AUDUSD’s immediate focus turns towards price resistance at .8256. where we would expect fresh sellers.
Read the full report: FX Daily