EUR/USD capped below 1.2000, but downside limited: EUR's decline are seen limited, although the long term range is over 1,000 pips wide, clear sign of uncertainty.
GBP/USD lower lows in the longer view: failure at 1.3600 opens door for a steeper correction, with the pair seen now at 1.3000 in the three-month view.
USD/JPY holding above 111.00: but long term gains are still seen limited to the 112.00 region.
AUD/USD losing ground: but hardly seen below the 0.7500 mark in the long term perspective.
EUR/JPY neutral, but holding on to gains in the 132.00/133.00 region: yen seen weakening longer term.
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