EURUSD holding minor support at 1.1660/55


EURUSD holding minor support at 1.1660/55 as we take a breath but further losses are likely for 1.1630/25 then 1.1585/80. A retest of 1.1510/00 would not be a surprise.
Gains are likely to be limited with minor resistance at 1.1690/99 & stronger resistance at 1.1725/30. Shorts need stops above 1.1765.

USDCAD topped exactly at the next target 1.3220/30. Downside expected to be limited with support at 1.3180 & 1.3160/55 (hit yesterday). Unlikely we see 1.3135/25 but use it as a buying opportunity with stops below 1.3090.
Outlook remains positive as we look for 1.3260/70 for profit taking before the weekend.




GBPUSD support at 1.3210/05 is much less likely to hold today & a break below 1.3185 risks a slide to 1.3170/65 (hit) & 1.3120/15 today. Further losses test the July low at 1.3095/90.
Gains are likely to be limited with first resistance at 1.3215/20 & stronger resistance at 1.3275/85.

GBPJPY I did not think we would make it to 148.90 but this is 15 month trend line & 500 week moving average resistance so it is mega important. If not already short, sell on about towards 148.80/90 with stops above 149.30.
Holding mega important resistance at 148.80/90 targets 148.20/10 & support at 147.70/60. A pause here likely but further losses eventually target 147.25/20 the n support at 146.95/85.




AUDUSD holding below resistance at 7400/7395 targets 7350/45 & the low at 7312/08. Take all profits just above here then wait for the next signal.
Strong resistance at 7395/7405 a selling opportunity with stops above 7430. An unexpected break higher targets 7445/50 with a selling opportunity at 7490/7500.

NZDUSD topped exactly at our expected high at 6850/60 for an easy 100 pips profit as we bottomed exactly at the best support at 6755/45. Outlook remains negative however & below 6730 targets 6720 with a retest of 6695/90 not out of the question.
Gains are likely to be limited but a bounce from 6755/45 targets 6785/90 (WE TOPPED EXACTLY HERE!) perhaps as far as 6815/19. Watch for a high for the day.




USDJPY higher as predicted with all targets hit as far as 112.55/60. Outlook remains positive as we look for 112.85/90, 113.18/22 & THE HIGH THIS YEAR at 113.38. EXIT ALL LONGS IN THE 113.18/113.38 BAND & try shorts with stops above 113.75.
Downside is expected to be limited but below 112.60 risks a slide to 112.35/25. Longs need stops below 112.10.

EURJPY beat key resistance at 130.90/131.00 for a buy signal targeting 131.85/95. Watch for a high for the day in SEVERELY overbought conditions.
Obviously bulls must hold prices above 131.00/130.90. Failure however risks a slide to 130.65/60.


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