EUR/USD
EUR/USD should break above yesterday’s high of 1.3670 and rise to the 1.3795/1.3800 resistance area before pointing back to the January low of 1.2860.
EUR/JPY
We may see a further advance to 105.50, or even to the mid-September high of 107.00, before the EUR/JPY points back to Monday’s low of 101.95.
USD/JPY
USD/JPY should eventually break below the mid-August low of 75.95 and target the lower end of the tentative declining channel, which comes at 73.05 this week (-0.30/week).
GBP/USD
GBP/USD is likely to break above yesterday’s high of 1.5705 and rise to the 1.5780/1.5820 resistance area before reversing downwards.
USD/CAD
An extension of the down-move from the 1.0375/80 resistance area is likely towards the 1.0010/25 support area, with 1.0155 and 1.0085 as the main steps.
Societe Generale
Research & Analytics