Today’s highlights:
GBPUSD above multi-year range resistance at 1.7044/49 should see strength extend to our target of 1.7330.
EURGBP trend stays directly lower for an eventual break below .7961/49 to test our core target at .7800.
EURUSD’s corrective backup extends, but we look for 1.3689/90 to cap to keep the trend directly bearish.
USDCHF spotlight turns to key range support at .8910/08.
Capitulation below here would set a small top.
USDCAD below the 1.0819/13 lows targets more solid support at 1.0779/31.
AUDUSD has found an initial cap near the June high at .9439, but we stay bullish for an eventual break above here towards .9463.
EURJPY needs to stage a clear break of the 200-day average at 138.93 to turn the immediate risk higher.
Read the full report: FX Daily