Today’s highlights:
– GBPUSD’s extension through 1.5423 keeps the immediate bias up to the channel highs at 1.5566, where we would look for a fresh attempt at a top.
– EURGBP beneath .8411/09 begins to see a larger top form, targeting .8285/82.
– EURUSD has seen a subdued end to the week, but while 1.3123/28 caps the risks stay lower in the range to retest the 200-day average and last week’s low at 1.2955/53.
– AUDUSD remains capped beneath 1.0358/60, leaving downside risks intact to retest price and trendline support at 1.0222/03.
– USCHF’s correction from down trendline resistance at .9501 extends, leaving the focus on support at .9389/84.
– USDJPY’s break beneath 99.49 puts in a small top allowing a correction to 97.21/20 with better support at 95.89/48.
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