The main take away from this week’s analysis is the validation of bearish phases in both the USD and the JPY. This is inevitably building up the case for an eventual breakout in the most risk-friendly currencies the likes of the AUD or NZD. Interestingly, while such technical rhetoric should bode well for the CAD, a slowdown makes sense if one considers the level it hit. The EUR and the GBP remain within the confinements of ongoing range patterns while the CHF’s recent strength looks capped too. Video Analysis In the video below, I distil the technical outlook in the main Forex indices. These views tend to be ... (full story)