Mizuho Corporate Bank

EUR
Comment: Retreating from the record high at 1.6020. For this morning it should try and hold base between 1.5850 and 1.5800 prior to rallying back up to 1.5900 late in the day.
Strategy: Attempt small longs at 1.5850; stop below 1.5800. Short term target 1.5950, then 1.6020.

EUR/JPY
Comment: Consolidating at some of the highest levels this year and we continue to wait and watch for signs of topping.
Strategy: Attempt small shorts at 164.35; stop well above 165.00. Short term target 163.30, then 161.50.

GBP
Comment: Thrashing around below the top of the Ichimoku ‘cloud’ and the psychological 2.0000 level, looking for direction. Expect more of the same today.
Strategy: Buy at 1.9785; stop below 1.9700. Short term target 1.9970/2.0000.

JPY
Comment: Nothing to add as we consolidate in a tiny neat ‘triangle’. Again today we shall watch for signs of topping, with an upside probe this morning and retreating late in the day.
Strategy: Attempt small shorts at 103.65; stop above 104.15. Short term target 102.80/102.50, then 101.00.