EUR/USD, GBP/USD remain bullish while USD/JPY stays bearish
EUR/USD, GBP/USD remain bullish while USD/JPY stays bearish amid less dovish Fed.
EUR/USD remains bid
EUR/USD still has the November peak at $1.0936 in its sights. Further up beckons the psychological $1.1000 region.
Potential support can be spotted along the 200-day simple moving average (SMA) at $1.0721.
GBP/USD remains bullish
GBP/USD's advance above the 200-day SMA at $1.2786, now support, still eyes the $1.3000 region.
Minor support below the 200-day SMA can be seen at the $1.2729 mid-December high and the $1.2716 late February high.
USD/JPY remains bearish
Last week USD/JPY flirted with the ¥147.21 September high. The next downside target is the late September ¥146.49 high.
Minor resistance lies at last Tuesday's ¥148.10 low and more significant resistance between the December to late February lows at ¥148.65-to-¥148.57.
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