EUR/JPY, USD/JPY rally further still while AUD/USD probes key support
EUR/JPY, USD/JPY rally ahead of Thursday’s BoJ interest rate decision while AUD/USD probes key support.
EUR/JPY heads towards next higher resistance zone
EUR/JPY has left the previous ¥162.89-to-¥164.24 resistance zone and is gunning for the ¥167.33-¥168.01 area.
Because of inverse polarity the ¥164.24-¥162.89 region should now act as support.
USD/JPY rallies further still
USD/JPY continues its advance towards the ¥154.56 early June high and the ¥155.21 late July high.
Support can be spotted along the 200-day simple moving average (SMA) at ¥151.40.
AUD/USD drops to support
AUD/USD slid to its $0.6580-58 support zone which is expected to hold this week.
Minor resistance above the 200-day SMA and the September low at $0.6623-to-$0.6627 can be seen along the October downtrend line at $0.6648.
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