Today’s highlights:
EURGBP continues its decline and we stay bearish here for a move towards our core target at .7800/7790.
GBPUSD has surged higher, turning the focus onto price and 50% retracement of the July/September decline at 1.6622/46.
EURJPY has surged higher to complete a better base for strength towards the April peak at 142.51 next.
USDJPY stays bullish for 109.89/93 initially, ahead of 110.67/111.60.
EURUSD’s immediate risk stays lower towards our target at 1.2787/55.
AUDUSD stays bearish for weakness towards the March low at .8890.
USDCHF ideally holds above .9281 to keep the immediate risk topside.
Read the full report: FX Daily