FX Daily Majors

Today’s highlights:
GBPUSD’s break above 1.5345/89 has reinforced a base for 1.4487/92.EURGBP has initially held channel support at .7371, but we would view strength from here as corrective.
EURUSD’s correction extends, but we ideally look for 1.1534 to cap to keep the trend still directly lower.
USDJPY ideally holds above key price and 13-day average support at 118.38/33 to maintain its upside bias.
EURJPY strength is expected to be capped at 137.65.
AUDUSD’s strength is seen as temporary and we look for .7843 to try and cap to turn the trend lower.
NZDUSD has pushed higher but we would expect selling on approach towards price, trendline and 50% retracement at .7513/33.
USDCAD has settled back into a converging range.

Read the full report: FX Daily