Today’s highlights:
EURGBP stages a bearish “outside day” to leave the spotlight on our core bear target zone at .7800/.7755.
GBPUSD bias stays immediately higher to retest 1.6525, above which would see a move on to 1.6622/46.
USDCAD spotlight moves back to the 1.1100 high. Above here would clear the way for a move back to retest the 1.1280 peak.
AUDUSD breaks to a new cycle low and we remain bearish for .8730 next, ahead of our core bear target at .8677/58.
NZDUSD ideally stays capped below the price, 13-day average and accelerated downtrend resistance at .8160/96.
EURUSD attention remains on our core target zone at 1.2787/55.
EURJPY weakness ideally holds support at 139.18/17.
USDJPY is at risk to a setback to 107.68/48, which we look to hold.
Read the full report: FX Daily