Today’s highlights:
• USDJPY falls sharply again and we look for a test of key 38.2% retracement/price support at 93.57/92.57, but look for a floor here.
• EURJPY is expected to test a cluster of supports at 124.95/46.
• AUDUSD has staged a muted bounce and we ideally look for the 21-day average and price hurdles at .9632/74 to cap.
• NZDUSD has bounced, but we look for an attempt to turn lower from .8041/76.
• EURUSD is stretched and must extend through 1.3378 to allow further upside to 1.3460, potentially 1.3504/21.
• GBPUSD for now remains capped by 200-day average and channel resistance at 1.5705.
• USDCHF’s removal of the .9206 pivot exposes the broader range lows at .9051/21.
Read the full report: FX Daily
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