FX Daily Majors

Today’s highlights:
USDJPY has completed a bull “triangle” and we look for strength towards 120.76/83 initially, ahead of a retest of the 121.86 peak.
EURUSD is trading in a tight range this week, but we stay bearish for a test of the 1.1098 low, beneath which finds our core target at 1.0836/0765.
EURGBP is weighing heavily on the .7405 low. We look for an extension below here to target channel support at .7371, beneath which look to our core target at .7258/54.
GBPUSD holds support at 1.5183/39, leaving basing thoughts alive.
USDCAD has broken above 1.2588/95 to turn the trend higher again to retest the 1.2800 peak.
AUDUSD’s immediate risk remains lower while capped below .7877/.7908.
NZDUSD remains capped below the price and 38.2% retracement barrier at .7450.

Read the full report: FX Daily