GBPUSD looks for support
The US dollar recovers some of its losses before the FOMC meeting on Wednesday. The most recent horizontal consolidation is still above the 30-day SMA. This suggests a bullish bias in the medium term. A surge above the recent high of 1.2540 would resume the upward trajectory, making May 2022’s high of 1.2660 The next threshold. As the RSI cools, trend followers should offer support around 1.2450 The 20-day SMA coincides with 1.2370. It is important to maintain momentum.
EURJPY continues its climb
The Japanese yen has extended its losses after the BOJ hinted that it would continue to ease monetary policy. The recent surge has pushed the pair above December 2014’s high of 149.00, and the psychological level 150.00. This may keep the Japanese yen under stress for a long time. The RSI is easing out of its overbought state, so bulls could see a pullback as an opportunity to invest ahead of a rally. 148.90 It is the second closest layer with 147.00. Above: 151.50 Would carry the momentum even further.
GER-40 clears the resistance
JPMorgan takes control of First Republic Bank, which is in trouble. The market was a little impacted by a tentative break below the 15720 level.