Danske Bank FX Strategy Research summarizes its key short-term views for EUR/USD, EUR/GBP, and USD/JPY.
"EUR/USD: Set to be range bound (roughly 1.17-1.20) near term, with the risk of a topside break on ECB support at the December meeting.
EUR/GBP: Brexit talks pivotal for GBP this week. The market is already positioned for good news but a test of 0.8746 is likely if there is further progress on negotiations.
USD/JPY: Set to remain supported by US tax reform progress near term but strong resistance seen above 113, with both 113.09 and 113.33 key technical resistance levels," Danske argues.
Source: Danske Bank ResearchOriginal Article
