EUR/JPY, USD/JPY slip amid speculation BoJ may raise rates while AUD/USD bounces off support
EUR/JPY, USD/JPY slip amid speculation BoJ may raise rates next month while AUD/USD bounces off support.
EUR/JPY slips further still
EUR/JPY's fall through Friday's ¥159.91 low made us neutralise our medium-term outlook with the late September low at ¥158.11 representing a possible downside target.
Resistance can now be spotted between the 19 November low and the 55-day simple moving average (SMA) at ¥161.49-to-¥162.35. Further up lies the ¥163.60 October peak.
USD/JPY probes support
USD/JPY weighs on the 200-day SMA at ¥151.95 below which lies the 6 November low at ¥151.30. This level needs to hold for the medium-term uptrend to stay intact.
Minor resistance can now be made out around the 19 November low at ¥153.29.
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