EUR/GBP holds above support while EUR/JPY, USD/JPY recover from Tuesday’s lows
EUR/GBP holds above support while EUR/JPY, USD/JPY recover from Tuesday’s lows ahead of BOC and ECB rate decisions.
EUR/GBP still hovers above support
EUR/GBP remains above its major £0.8503-to-£0.8484 support zone and has last week's high at £0.8540 in view. If overcome, the 55-day simple moving average (SMA) at £0.8558 would be targeted.
Were a daily chart close below £0.8484 to be made, though, the July and August 2022 lows at £0.8409-04 would be eyed instead.
EUR/JPY regains losses
EUR/JPY's swift sell-off seems to have ended at Monday's ¥168.03 low with further upside back in store, targeting the ¥170.00 region and then the ¥170.79 to ¥170.89 zone.
Minor support sits between Monday's ¥168.03 low and the mid-May low at ¥167.34.
USD/JPY in recovery mode
USD/JPY took a hit and slid to $154.55 on Monday but is trying to bounce off that low towards the 30 May low at ¥156.38. Further up beckons the mid-May high at ¥156.78.
Support lies between Monday's low at ¥154.55, the 55-day SMA at ¥154.45 and the March-to-June uptrend line at ¥153.98.
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