USDJPY breaking the barrier
The Japanese yen strengthened further after moving away from the recent top at 159.00. On the chart, the pair is still in a recovery mode, and the rebound is now taking on its first hurdle at 152.00 near the previous swing low. A further bearish breakout would prompt some buyers to trim their bets, easing upward pressure. As the RSI ventured back into oversold territory, a pullback might be due, and 154.50 would be the first level to maintain a turnaround and escape the psychological level of 150.00.
USDCAD remains bearish
The Canadian dollar advanced as currencies across the board rose against the greenback. A break below 1.3600 has further put the bulls on the defensive. An oversold RSI on the hourly chart could attract some bargain hunters. 1.3550 has turned into a fresh support, and cautious sentiment could lead sellers to double down. Those looking for a sustained rebound will need to see 1.3700 tested and confirmed, otherwise, the price could continue to struggle, with 1.3500 on the horizon.
UK 100 hitting another high
The FTSE100 inched higher in its ascending channel as prices close in on a record peak. A jump above 10200 might have put the index back on track after a lengthy consolidation. 10100 at the base of the bullish breakout saw renewed interest and is an important level to keep the upbeat bias intact to avoid a slip towards 10000. The record high around 10300 is the target higher, and its breach could trigger an extension to 10500.