USDJPY: We are neutral in the short term and see downside risk towards 123.00, possibly 122.00 before a base can form. We would look to buy lower against the 120.40 lows and look for a move towards the 125.85 highs.
GBPUSD: A break above nearby resistance in the 1.5675 area would encourage our bullish view. Our initial upside targets are near 1.5800. Beyond there, we are targeting the 1.5930 year-to-date highs.
USDCHF: We look for support near 0.9525/45 to underpin weakness. Our upside targets are towards 0.9720 and then the 0.9865 range highs.
EURJPY: We prefer to fade upticks against resistance in the 137.80 area and look for a move below initial targets in the 133.10/30 area to confirm further downside towards 131.80.
EURGBP: Upticks towards 0.7075 are expected to provide a better opportunity to sell. While the 0.7255 range highs cap, we are looking for a move lower through 0.6930 towards targets in the 0.6770 area. Beyond there, we are looking for a move towards the 0.6535, multiyear range lows.
EURCHF: We are bullish and look for the range lows near 1.0280 to underpin a move higher towards targets near the 1.0575 highs.
AUDUSD: Our overall view is bearish. We would look to fade upticks against resistance in the 0.7500 area (recent range highs/200-dma). A move below 0.7325 would signal lower towards our targets near 0.7265 and then the 0.7100 area.
NZDUSD: Upticks in range provide better opportunity to enter short positions. We would look to sell near 0.6690, the 21-dma. Range highs near 0.6775 are expected to cap a move lower through 0.6495 towards our targets in the 0.6400 area.
USDCAD: USD profit taking signals a dip within range. We would look to
buy against support in the 1.2655 area. Our upside targets are near the 1.3065 multi-year highs. Breaking above 1.3065 would signal higher towards 1.3465