Today’s highlights:
EURGBP should be allowed to hold .7913 at first, ahead of a move to our core medium-term target at .7800.
GBPUSD stays bullish for our core target at 1.7330/32.
EURUSD below 1.3640 opens up a retest of key support at 1.3487/77. Below here can confirm a large bear “wedge”.
USDCHF’s snap back through .8907/17 sees a more neutral ranging theme re-emerge.
AUDUSD’s break of trendline support at .9369 turns the spotlight on price support at .9322. Below would see the trend turn lower again.
USDCAD spotlight remains on 1.0610/00, which we look to hold.
USDJPY reinforces a base for 102.81/83 next.
EURJPY continues to challenge its range high at 139.15/21.
Read the full report: FX Daily