Today’s highlights:
EURUSD stays bearish for 1.1212 next, with our core target at 1.0836/0765.USDJPY has completed a small base, turning the immediate risk higher for 118.86/96, ahead of 119.97/120.00.
EURJPY is at risk of a near-term correction higher but we would look for 138.09/26 to ideally cap.
EURGBP has corrected higher but we stay firmly bearish for an eventual break below .7596/76 which should then trigger further weakness for .7532.
GBPUSD remains bearish for 1.5035/24, followed by the 61.8% retracement support at 1.4913.
USDCAD trend stays higher for 1.2048/52 initially, ahead of more important resistance at 1.2280.
USDCHF below .9131/40 can leave the bias lower for now.
Read the full report: FX Daily