FX Daily Majors

Today’s highlights:
GBPUSD spotlight remains on 1.5481/92, above which can see further strength to 1.5621.
EURGBP continues to remove the low end of the medium-term channel at .7367, and we stay bearish for our core target at .7258/54.
USDJPY must break above 119.41/42 to test trendline and range resistance at 129.50/83.
NZDUSD is expected to be capped below the 55-day average, 61.8% retracement and “neckline” resistance at .7608/34.
AUDUSD remains capped below .7877/82, leaving the overall risks still bearish.
EURUSD stays deadlocked in a sideways range, with resistance at 1.1534 needing to cap to keep the overall risk lower.
USDCHD has rallied to 55-day average resistance at .9513/32, which we expect to cap at first.

Read the full report: FX Daily