EUR/GBP
EUR/GBP has confirmed the ST double bottom drawn at 0.8675/80. 0.8900/05 and 0.8925/30 should be the next major steps on the way back to the 0.9045/50 resistance area and the 0.9140/50 region.
EUR/USD
The 1.4340 resistance level and the ST rising pullback line, which comes at 1.4530 today, should be the main steps on the way back to the recent high of 1.4945 and the November 2009 high of 1.5145.
EUR/JPY
EUR/JPY should eventually break above the 116.50/95 resistance area, which has come under pressure again, and rise towards the tentative declining resistance line, which comes at 120.10 today.
USD/JPY
USD/JPY should eventually break above the 81.85 Fibonacci retracement which has come under pressure again. 82.80 should then be the next major step on the way to the tentative declining resistance line which comes at 84.30 today.
USD/CAD
USD/CAD has extended the down-move initiated at 0.9795 on Tuesday, but a break below the lower end of the ST rising channel, which stands at 0.9565 today, is needed to confirm that the USD/CAD is on its way back to the late April low of 0.9445.
Societe Generale
Research & Analytics