EUR/GBP, EUR/JPY hold above support while USD/JPY trades sideways ahead of US NFPs
EUR/GBP, EUR/JPY hold above support while USD/JPY trades sideways ahead of widely anticipated US non-farm payrolls.
EUR/GBP bounces off support
EUR/GBP bounced off the £0.8271-to-£0.8260 support zone and may reach Tuesday's £0.8312 high. Further up meanders the 55-day simple moving average (SMA) at £0.8337. Only a rise above it would target last week's high at £0.8375 as well as the late August low at £0.8400.
A fall through £0.8260 would target the £0.8250 mid-August 2022 low.
EUR/JPY hovers above support
EUR/JPY's bounce off the August-to-December uptrend line at ¥156.18 took it to Thursday's ¥159.39 high. Below this level the cross short-term consolidates.
Minor resistance now comes in at the 22 November ¥159.91 low.
USD/JPY sideways trades
USD/JPY still tries to recover from Tuesday's ¥148.65 low but remains below the 55-day SMA at ¥150.60. Above it lies the 6 November low at ¥151.30 and the 200-day SMA at ¥151.93.
Below ¥148.65 low the 8 October low can be found at ¥147.35.
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