EUR/GBP bounces off support while EUR/JPY, USD/JPY rallies pause
EUR/GBP bounces off support after Bank of England interest rate hold while EUR/JPY, USD/JPY rallies pause.
EUR/GBP bounces off support
[currencies:EUR/GBP] recovered from last week's year low at £0.8226 towards minor resistance at last week's £0.8327 high.
Potential slips may find support around the 11 November £0.826 low ahead of the more important £0.8226 - £0.8223 lows.
EUR/GBP chart
EUR/JPY loses upside momentum
EUR/JPY hovers above its 55-day simple moving average (SMA) at ¥162.44 but still has the ¥163.60 - ¥163.89 resistance area in its sights.
The short-term uptrend will remain intact while the 18 December low at ¥159.82 underpins.
EUR/JPY chart
USD/JPY rally pauses
USD/JPY trades above its November ¥156.74 high with the ¥157.13 mid-July low and the ¥157.71 late May high representing the next upside targets.
Minor support below ¥156.74 can be spotted between the ¥154.69 early November high and the ¥154.48 mid-December high.
USD/JPY chart
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