Today’s highlights:
EURGBP appears to be forming a bearish “symmetrical triangle” continuation pattern.EURUSD spotlight stays on the medium-term range lows at 1.2247/30.
USDCHF’s prod up through .9841 begins to turn the trend higher again for the July 2012 peak at .9973.
GBPUSD is holding the 1.5541 range lows, but the overall risks stay to the downside.
USDCAD spotlight stays on our long-term core target at 1.1666/1766, which we expect to cap for a correction lower.
USDJPY above 119.57 would suggest a stronger recovery to aim at the 121.86 high.
EURJPY stays in its sideways range.
AUDUSD immediate risk can stay lower while capped below the nearterm downtrend at .8227, for our .8066 target.
Read the full report: FX Daily