Today’s highlights:
GBPUSD threatens a large top below 1.6693/6861.
EURGBP stages a large bullish “outside session”, pointing to a better near-term base to our target at .8036, and potentially .8074.
EURUSD is holding sideways for now, but we stay bearish for a break below 1.3333, for our 1.3248 target.
NZDUSD is holding key support at .8402/.8395 for now, and only below here would mark a more important top.
AUDUSD is expected to find selling at .9333/46, for a retest of .9240/02.
USDCAD needs to hold 1.0903 to maintain its current range.
USDJPY above 102.47 turns attention back to the range highs at 103.03/12.
EURJPY above 137.08/18 eases the immediate downside bias.
Read the full report: FX Daily