USDZAR the big flyer yesterday with a 20+ big figure move…and it’s only the beginning! JPY sellers seen running into a possible bear trap. EURUSD bullish triangle still in play, look for a move above 1.3404 to completed the current up phase, USDJPY a possible head and shoulders top formation under creation, CABLE a narrow bearish congestion points to a soon break lower, EURSEK 8.66-72 congestion, then up to 8.74/76. USDSEK falling wedge makes downside risk still prevailing, EURNOK u-turn higher still on the agenda, NOKSEK messy pattern but bearish bias below 1.1765, USDZAR @ 4y high, no real resistance until the 9.21/22 area, USDKRW making way north, 5 consecutive days higher, not seen since last May, EURHUF 295.80 still in focus, BUNDS bullish break underway, S&P500 halted in the target range, OIL tried but so far failed above the key resistance.
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SEB tech team