Intraday analysis covering USDJPY Analysis , EURGBP , and US 30, highlighting recent price movements, key technical levels, and short-term momentum shifts across major markets.
USDJPY remains bullish
The USDJPY Analysis USDJPY Analysis shows The Japanese yen conceded more ground to the dollar, even though a slight pullback halted the bullish rally.
- 52The round number of 162.00 is the immediate resistance, and further up, 162.20 is the next target.
- As the Yen continues to be outweighed across the board, a revival to the downside seems unlikely for now.
- 161.40 is the first support if buyers begin to take profit, and 160.60 is an important floor.
EURGBP spikes lower
The pound strengthened further as the UK government looks for its next Prime Minister. Bears have been eager to sell into strength after the pair pushed below the daily support of 0.8650.
- The next target is at 0.8600 if prices can break through the current support at 0.8625.
- Otherwise, a reversal above 0.8650 would trigger a new round of buying and send the pair towards the previous high around 0.8680.
US 30 hits resistance
The Dow fell under more pressure as the tech sell-off continues.
- The index is still trying to preserve its strength after hitting another fresh high, which saw the 51900 level tested.
- 50800 is the latest support as stocks are expected to pause their bullish rallies.
- A breach at 51900 could pave the way for a sustained recovery towards 52400 for another record.
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