AUD/USD advance stalls while EUR/GBP, USD/JPY bounce off lows
AUD/USD advance stalls while EUR/GBP, USD/JPY bounce off lows as ECB leaves rates unchanged at 4.25%.
EUR/GBP recovers from near 2-year low
EUR/GBP's descent to £0.8378, a level last traded in August 2022, has been followed by another minor bounce to £0.8422, close to the late June lows at £0.8430-31 which remain in sight.
Below £0.8378 sit the £0.8367 May and £0.834 August 2022 lows.
USD/JPY bounces off this week's low
USD/JPY's sharp drop from its ¥161.95 early July high to Thursday's ¥155.38 low shows that a medium-term top lasting at least several weeks is now likely in place.
Nonetheless a bounce back towards the 16 July high at ¥158.86 is currently underway. Below ¥155.38 lies the early June low at ¥154.56.
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