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CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

​​​EUR/JPY, USD/JPY probe key resistance while AUD/USD tries to hold

​​​EUR/JPY, USD/JPY probe key resistance while AUD/USD tries to hold​ ahead of US CPI print.​

Yen Source: Adobe

​​​EUR/JPY probes resistance

EUR/JPY retests the ¥162.89-to-¥164.24 resistance zone. Were it to be bettered, a medium-term bullish reversal would be in the making.

​​Potential slips may find support between Friday's low and the 55-day simple moving average (SMA) at ¥161.01-to-¥160.71.

EUR/JPY chart Source: TradingView.com
EUR/JPY chart Source: TradingView.com

​USD/JPY tests key resistance

USD/JPY is trying to overcome the mid-August high at ¥149.40, a rise and daily chart close above which would likely lead to a medium-term bullish reversal taking place.

Support remains to be seen between the early September high at ¥147.21, the late September high at ¥146.49 and Friday's low at ¥145.93.

USD/JPY chart Source: TradingView.com
USD/JPY chart Source: TradingView.com

​AUD/USD tries to find support

​Following five straight days of falls, AUD/USD is trying to level out along the 55-day SMA at $0.6711 and the 22 August low at $0.6698. Below these levels lies the September trough at $0.6623.

Minor resistance can be spotted at the 26 September low at $0.6819.

AUD/USD chart Source: TradingView.com
AUD/USD chart Source: TradingView.com

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

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