EURUSD still trades in what looks like a bullish triangle, so one more high is in the cards. Theoretical targets on an upper break come in at 1.3487 or 1.3545. Below 1.3280/35 could uneasy late longs… USDJPY remains very stretched and a post-BoJ yen rally towards 87.80 ought to materialize… EURGBP looks short-term stretched and a shallow ~0.8400/0.8350 dip may be needed to attract buyers… EURSEK starts the day with mixed signals. Key near-term support is located around the 8.65 level while over 8.7190 would keep the Dec’12 high of 8.7945 in sight… USDSEK is respecting resistance at the low end of a 55day EMA band and this is exposing the recent +6.43 low… EURNOK is still pausing an underlying advance. Support at 7.438/42 and targets at 7.4845 & 7.4995 apply as long as support holds… In all this NOKSEK still looks heavy and below 1.1595 would target 1.1550/35 for starters. Over 1.1760 is needed to tell that a bearish stance is wrong… In AUDUSD there is also a short-term bullish set up, so stay close to it if/when 1.0580 breaks… Gold looks set to test the high end of a “bullish flag” at $1704… EURPLN should trade +4.1925 before long… Bullish setup is in place for both German & US 10y front contracts. Watch 143.64 & 132-15 now… The front S&P500 contract is grinding towards its 1493-1496 objective and the front Brent Crude contract also trades bullishly for extension to refs above at $112.34-113.00…
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SEB tech team