EUR/JPY, USD/JPY under pressure while AUD/USD bounce cools
EUR/JPY, USD/JPY under pressure while AUD/USD bounce cools ahead of US non-farm payrolls on Friday.
EUR/JPY remains under pressure
EUR/JPY revisits its near two-month low at ¥157.97, made on Monday. Below this level minor support can be seen around the ¥156.18 December low.
Minor resistance above the ¥159.70 mid-January low remains to be seen at the ¥160.90 early January low.
USD/JPY under pressure
USD/JPY's fall through its September-to-January uptrend line neutralised our medium-term outlook.
The 200-day SMA at ¥152.75 now acts as minor resistance.
Further minor resistance is spotted between the late January lows at ¥153.72-to-¥153.79 and is also seen along the 55-day SMA at ¥154.83.
AUD/USD retests resistance line
AUD/USD's recovery from Monday's $0.6088 low, a level last traded in April 2020, has taken it to above its September-to-February tentative downtrend line at $0.6264 which may now act as minor support. The 19 December low at $0.6200 might offer further support.
Above Wednesday's high at $0.6297 lie the 6 January $0.6291 high and the January peak at $0.6330.
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