“¢ Risk-on mood weighed on JPY’s safe-haven appeal and assisted the cross to build on overnight rebound from near one-month low.
“¢ Bulls, however, struggled to conquer 100-hour SMA and preferred to wait for today’s UK macro releases before positioning for any further up-move.
“¢ Short-term technical indicators are gradually heading towards positive territory and might thus support prospects for an extension of the bullish momentum.
Spot Rate: 144.92
Daily Low: 144.34
Daily High: 145.36
Trend: Turning bullish
Resistance
R1: 145.24 (200-period SMA H1)
R2: 145.78 (R3 daily pivot-point)
R3: 146.19 (weekly tops set on Monday)
Support
S1: 144.69 (50-period SMA H1)
S2: 144.34 (current day swing low)
S3: 143.96 (S1 daily pivot-point)
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