Friday’s EUR/USD rise stops below parity despite German trade production in September rising 0. 6% m/m from -0. 8% in August.
The short-term EUR/USD pair is consolidating below last week’s high of $0. 9976 and may return to the 55-day undeniable moving average (SMA) at $0. 9887 before looking back to succeed at the parity above which the October high of $1. 0093 expired. Lurks
The lowest below the 55-day SMA can be seen at the low of $0. 9865 in early September, as well as Thursday’s high of $0. 9839.
EUR/GBP is on track to reach its peak of £0. 878 on 21 October as the euro continues to appreciate and the UK house price index for October in Halifax stands as expected at -0. 4% monthly compared to -0. 1% in September, its consecutive moment of monthly decline.
Above £0. 878, the lows for September 26 and 28 are £0. 8853 and the October high is £0. 8867.
Lower below Thursday’s £0. 8743 cap comes along the 55-day SMA at £0. 8695. Down is the early October low at £0. 8649.
USD/JPY recovers some of Friday’s losses amid comments from Chinese officials over the weekend that denied the country contemplated easing its strict zero-Covid-19 measures.
A rally from Friday’s low of 146. 56 yen, above its August-November uptrend line at 146. 56 yen, is underway lately, with the October-November resistance line at 148. 02 yen in the spotlight. Up are last week’s highs at 148. 45 yen to ¥148. 85.
A recently unforeseen drop across the three-month uptrend line at ¥146. 56 would have an interaction with the early November low at ¥145. 68 below, which stands at the end of October at ¥145. 12.
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