EUR/USD
We cannot rule out a rise back to last Friday’s high of 1.3550, or even to the 1.3610/15 resistance area, before the EUR/USD points back to the early October low of 1.3145.
EUR/JPY
EUR/JPY should return to the 105.90/95 resistance area and then target the late October high of 111.60, with first steps at 107.05 and 108.15/25.
USD/JPY
USD/JPY should return to the 78.30/40 resistance area and then test the LT declining resistance line, which comes at 78.80 today (-0.04/today).
GBP/USD
We cannot rule out a rise to the 1.5870/90 resistance zone before the GBP/USD points back to at least the recent low of 1.5425.
USD/CAD
A break above the 1.0250/55 resistance area is needed to confirm that the USD/CAD is on its way back to the recent high of 1.0525.
Societe Generale
Research & Analytics