EUR/USD tries to break $1.17 again
EUR/USD is making another attempt to move above the $1.17 area that has blocked progress since the second half of August.
Above this, the $1.18 area and then $1.1852 come into view. Rising trendline support appears around $1.1630, and further weakness requires a close below $1.1523.
GBP/USD faces key resistance
The uptrend continues for GBP/USD, but so far this week gains above $1.3170 have proved fleeting.
A breakout above this level targets $1.32, and then on to $1.3302. A move below $1.2940 would be needed to end the current bullish trend from the August lows.
USD/JPY rally picks up steam
A rising trendline from the March lows continues to offer support for USD/JPY, and the close above the resistance zone around ¥112.00 suggests a push to the July highs at ¥113.00.
Retracements towards ¥111.00 and the post-March trendline will continue to be buying opportunities, with a close below the September low, around ¥110.50, needed to indicate a bearish development.