Mizuho Corporate Bank

EUR
Comment: Bouncing from a recent low at 1.5360 helped by a very large Ichimoku ‘cloud’ and Fibonacci retracement support. We should hold above here again today moving back up to 1.5600/1.5650 over the next day or three.
Strategy: Attempt small longs at 1.5500, adding to 1.5426; stop below 1.5360. Short term target 1.5600, then probably 1.5700.

EUR/JPY
Comment: Bouncing quite strongly from a recent low at 160.60. For today and tomorrow we shall be looking for signs of topping against the 163.00 area and then drifting back down to 161.50.
Strategy: Sell at 162.70; stop above 163.25. Short term target 161.50, then 160.60.

GBP
Comment: Hard to believe but once again 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 1.9725/1.9700; stop below 1.9600. Short term target 1.9900.

JPY
Comment: Creeping higher as it holds above the nine-day moving average. It’s been weeks now but we stubbornly continue to watch for signs of topping.
Strategy: Sell at 104.85, adding to 105.20; stop above 105.75. Short term target 103.50, eventually 101.50.