Mizuho Corporate Bank

EUR
Comment: Dropping to the top of a very large Ichimoku ‘cloud’ which ought to stem losses for the time being. We should try and hold above here today, then edging back up to 1.5600/1.5650.
Strategy: Attempt small longs at 1.5465; stop below 1.5400. Short term target 1.5550, then 1.5650.

EUR/JPY
Comment: Consolidating between the nine-day and 26-day moving averages and are likely to hold here again today. We continue to favour a drop towards the 26-day one. A weekly close below 161.50 might add a little bearish pressure.
Strategy: Sell at 161.85, adding to 162.45; stop above 163.00. Short term target 161.00/160.60, then 158.50.

GBP
Comment: Hard to believe but the chart looks the same as it has done for weeks. Keep on trading the range, remembering that the upside is more likely to give way than the downside.
Strategy: Attempt longs at 1.9760/1.9700; stop below 1.9600. Short term target 1.9970/2.0000.

JPY
Comment: Same as it has been all week and we continue to watch for small signs of topping.
Strategy: Sell at 104.60; stop above 105.25. Short term target 103.50, eventually 101.50.