Societe Generale: forecasts for FX majors
EUR/USD is poised to face deeper correction towards $1.3210. Short term pullback, if any, should be capped at $1.3552/61.
GBP/USD is poised to drift lower towards $1.6690/30. Short term pullback should be capped at $1.6920.
USD/JPY has an important support at the daily channel limit 101.12 of and eventually it is poised for further up move to 104.20/104.36 and even 105.
USD/CHF should eventually inch higher towards 0.9200.
USD/CAD will rise to 1.1028/57 and 1.1125.
AUD/USD is poised to drift lower towards $0.9203/0.9180, while $0.95/0.9535 remains a stiff resistance.
EUR/GBP is undergoing a multiyear downtrend and is poised to drift lower towards 2012 lows at 0.7754/0.7700 and then there will be a corrective rebound.